Escrow Services
EscrowOn Demand Escrow, we are committed to providing personalized, on demand service for all of your escrow needs.
In addition to residential purchase and resale, we also handle all inclusive trust deeds, 1031 exchanges, REOs/foreclosure sales, short sales, reverse mortgages, out of state refinances, commercial and industrial escrows, and construction loans. |
Grow & Protect Your BusinessOn Demand Escrow is licensed through the California Department of Financial Protection and Innovation. Our company only operates under the strictest guidelines and regulations.
In addition to our high standard of security and professionalism, what separates On Demand Escrow from other companies in the industry is our firm‘s unique online platform that is available 24/7. Licensed vs. Unlicensed “Controlled” All escrow companies in California can be classified into two basic categories: Licensed or Controlled. “Licensed” escrow companies are independent businesses licensed by the California Department of Financial Protection & Innovation This license regulates the procedures and practices of the companies and subjects them to stringent requirements designed to protect consumers. “Controlled” escrow companies are non-licensed businesses that can be owned by a variety of entities, including real estate brokers, mortgage brokers, banks, savings and loans, and title insurance companies. Such companies fall under the jurisdiction of a variety of supervising agencies, with regulations and requirements that vary widely. One fact remains constant, however. None of the agencies have regulations as strict as those imposed on the escrow companies licensed by the Department of Financial Protection & Innovation. Better Protection: Although the majority of escrow companies are honest and above board, the large sums of money handled by escrow companies can entice unscrupulous individuals to abscond with the funds they are holding in trust. And unless the escrow company is bonded, there is often no safeguard assuring the return of the money to consumers. Licensed escrow companies are consumers’ best bet for safeguarding their funds. All licensed escrow companies are required to be members of the Escrow Agents’ Fidelity Corporation (EAFC), which provides fidelity coverage for member trust accounts. Higher Standards: The stringent requirements by the Department of Financial Protection & Innovation assure that every licensed escrow company has met the highest standards in the industry. Consumer protection regulations unique to licensed escrow companies include:
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