why glen oaks escrow
An Independent Escrow Company
You can feel more secure with an independent escrow company. Unlike banks, title companies and brokerages, an independent rm must comply with stricter operational and CPA auditing, bonding requirements, nancial liquidity requirements and trust fund insurance guidelines.
Independent | Title Company | Broker Owned | Bank or Savings & Loan |
|
Management | 5 Years Experience as Escrow Officer |
No | No | No |
Licensed by Dept. of Corporations |
Yes | No, Regulated by the Dept. of Insurance. |
Licensed through the Real Estate Broker by the DRE |
No, Regulated by the Dept. of Financial Institution |
Annual Audit with No Prior Notice |
Yes | No | No | No |
Annual CPA Audit | Yes | No | No | No |
Employees Appvd by DOC and Dept. of Justice |
Yes | No | No | No |
Bonding Requirement |
Yes | No | No | No |
Req. for Financial Liquidity |
Yes | No | No | No |
Trust Fund Insurance |
Yes | No | No | No |
We are licensed by the Department of Business Oversight for the State of California. All of Glen Oaks Escrow’s staff has been approved through the Department of Justice. Additionally, with less bureaucracy, our independent escrow company more easily achieves greater ef ciency and productivity.