Huntington
Escrow, Inc. is an independently
owned California Corporation
organized for the purpose of
providing Escrow Services to
the real estate and lending
industries.
As required under the California
Financial Code, Huntington
Escrow obtains the services
of independent Certified Public
Accountants to audit its records
and operations on a yearly
basis. These financial reports
are submitted to the California
Department of Corporations
for its review and approval.
In addition, the Department
of Corporations performs its
own internal audit of Huntington
Escrow’s records according
to the laws and regulations
established by the California
Financial Code.
As well, the
Department of Corporations
requires that all employees
be fingerprinted and bonded.
As an independently owned
escrow company, Huntington
Escrow also meets the requirements
of the Escrow Agents Fidelity
Corporation which, in conjunctions
with the Department of Corporations,
processes bonds and certificates
for Huntington’s employees
to enable them to work in an
independent company. The Escrow
Agents Fidelity Corporation
also requires that all employees
be fingerprinted for its agency
records and the employee’s
prints and background check
are reviewed and approved by
the Department of Justice of
the state of California. The
strict requirements of the
Department of Corporations
and the Escrow Agents Fidelity
Corporation are to protect
consumers and lending agencies
form any misuse of fund or
documents held in trust by
the escrow company.
In order to qualify for a
license, an escrow office must
be run by an escrow manager
with five years’ experience
as an escrow officer. This
means that the professional
manager overseeing your transaction
has gained expertise honed
by in-depth training. As well,
a licensed escrow company must
post substantial surety bonds
and acquire fidelity insurance
that is impossible for non-licensed
Department of Corporations’ companies
to purchase.
Huntington Escrow is a member
of the Escrow Institute of
California, a statewide association
of licensed escrow companies.
The Escrow Institute is organized
to monitor all member companies,
to police our industry, and
to share among ourselves techniques
to improve our service to you,
our escrow customer.
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