WELCOME TO ZEMRUS ESCROW
Knowledge • Experience
Professionalism • Integrity


125 West Green Street
Pasadena, CA 91105
(626) 449-1974
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Independent escrow companies have some distinct advantages over those owned by real estate brokers, banks, and title companies. Those advantages work in your favor.
Independent Escrow Companies
Real Estate Broker-Owned Escrow Departments
Title Company Escrow Departments
Bank Escrow Departments
Assumed Impartial as a Third Party
YES
No
(Escrow Officer is an employee of Broker who has influence over the transaction)

No
(Title dept. has access or control of escrow money and procedures)

Yes
(Unless financing is provided by the bank)
Escrow License Required
YES
No
No
No
Trust Funds Insured
YES
($5,000,000 Escrow Agents Fidelity Corp. (E.A.F.C.) covers all Licensed Escrow Corporations)
Yes
(D.R.W. Recovery Funds: max $20,000 per individual)
No
No
Bonding Required
YES
No
No
No
Manager Escrow Experience Requirements
5 years E.O. experience or 4 years E.O. + Escrow Schooling
No
No
No
Dept. of Justice Investigation of all employees, including photos and fingerprints
YES
No
No
No
Escrow Officer Certification
Available to any individual who is a member of the California Escrow Association
Financial Liquidity Requirements
YES
No
No
No
Regulatory Audits
YES
(Every 12-24 months by the D.O.C. without any prior notice)
No
(D.R.E. Auditors go out by appointment only)
Internal audits at employer's discretion
Annual CPA Audit Required
YES
No
No
No
State Regulators
Department of Corporations (DOC)
Department of Real Estate (DRE)
Department of Insurance (DOI)
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