What to look for in an Escrow Company
INDEPENDENT AUDITING & VERIFICATION
Can your escrow company provide documentation for this?
Escrow Today has been independently audited and passed the strictest standards in our industry: SSAE18 Certification. All of our business processes are founded on the seven pillars of ALTA’s Best Practices. We are also a member of the American Escrow Association, California Escrow Association, Escrow Association of San Gabriel Valley and the Escrow Institute of California. We are happy to provide you with documentation on any of the above.
COMPREHENSIVE IDENTITY PROTECTION
What kind of protection does your escrow company provide?
As an SSAE18 certified Escrow Company we are required to secure a substantial cyber liability policy to protect our clients, and theirs. Our technology infrastructure is also constantly being maintained and updated to implement the most current safety and security protocols to keep your client’s identity secure.
THEFT & LIABILITY PROTECTION
Does your escrow company carry a sufficient fidelity bond policy?
All of our employees undergo a background check, and many of them have been with Escrow Today for over 10 years. We only hire Escrow Officers who share in our dedication to a high standard of care and professionalism and yes, Escrow Today is required under its regulator the Department of Business Oversight to carry a Fidelity Bond Policy.
MISTAKES, ERRORS & OMISSIONS PROTECTION
Does your escrow company provide an E&O policy to protect you and your clients?
Even with the best of companies, mistakes can happen.
Escrow Today carries a higher than average E&O policy.
ELECTRONIC FUNDS PROTECTION
Does the escrow company insure and protect your clients’ property and information against cyber fraud or hacking?
In addition to a state of the art, secure technology infrastructure Escrow Today holds a Cyber Crime and Cyber Liability Policy.