Why Use Green Escrow?

Independent Escrow Companies are held to a higher standard than other escrow operators.

The more experience, the better the escrow!

Independent Escrow CompaniesReal Estate Broker
Owned Escrow Departments
Title Company Escrow DepartmentsBank Escrow DepartmentsSavings & Loan Escrow Departments
Assumed Impartial
as a Third Party
YesNo
(Escrow officer is an employee of Broker, who has influence over the transaction)
No
(Title Dept. has access/control of escrow money and procedures)
Yes
(Unless financing is provided by the bank)
Yes
(Unless financing is provided by the S&L)
Escrow License
Required
YesNoNoNoNo
Trust Funds
Insured
YesNoNoNo
Bonding RequiredYesNoNoNoNo
Manager Escrow
Experience
Requirements
5 yrs E.O. Experience or 4 yrs E.O. + Escrow SchoolingNoNoNoNo
Dept. of Justice
Investigation of
all employees,
including photos
and fingerprints
YesNoNoNoNo
Financial Liability
Requirements
YesNoNoNoNo
Regulatory AuditsYes
(Every 12-24 Months by the D.O.C. without any prior notice
No
(DRE go out by appointment only)
Internal audits at employer’s discretion
Annual CPA Audit
Required
YesNoNoNoNo
State RegulatorsDepartment of Corporations (DOC)Department of Real Estate (DRE)Department of Insurance (DOIFederal Deposit Insurance Corporation (FDIC)
Loan CalculatorMortgage Calculator
Mortgage CalculatorLoan Calculator
$
%
years
%
$per year
$per year
%