Escrow Made Easy

Ambergate Escrow, Inc. is an independent escrow company, meeting all regulatory and licensing requirements. Our state regulator is the Department of Corporations. Only and independent escrow companies are required to be insured for theft or embezzlement; licensed by the State of California; CPA audited annually; subject to surprise regulatory requirements; adhere to strict manager hiring rules; and undergo employee background investigations by the Department of Justice.

  LICENSED INDEPENDENT ESCROW COMPANIES REAL ESTATE BROKER-OWNED ESCROW DEPARTMENTS TITLE COMPANY ESCROW DEPARTMENTS
STATE REGULATOR DEPARTMENT OF CORPORATION DEPARTMENT OF REAL ESTATE DEPARTMENT OF INSURANCE
BONDING REQUIRED YES NO NO
MANAGER ESCROW EXPERIENCE REQUIREMENT 5 YEARS E.O. EXPERIENCE OR 4 YEARS E.O. NO NO
REGULATOR YES
EVERY 12 TO 24 MONTHS BY THE D.O.C. (WITH NO 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
TRUST FUNDS INSURED YES
$5,000,000.00!
ESCROW AGENTS FIDELITY CORP.
(E.A.F.C.) COVERS ALL LICENSED ESCROW CORPORATIONS
YES
D.R.E. RECOVERY FUND:
MAXIMUM $25,000.00 PER INDIVIDUAL
COLLECTIBLE ONLY AFTER A CONVICTION FOR FRAUD
NO
FINANCIAL LIQUIDITY REQUIREMENTS YES NO NO
ESCROW LICENSE REQUIRED YES NO NO
ASSUMED IMPARTIAL AS A THIRD PARTY YES ESCROW OFFICER IS AN EMPLOYEE OF BROKER, WHO HAS INFLUENCE OVER THE TRANSACTION TITLE DEPARTMENT HAS ACCESS/CONTROL OF ESCROW MONEY AND PROCEDURES
DEPARTMENT OF JUSTICE CRIMINAL BACKGROUND CHECK OF ALL EMPLOYEES, OWNERS AND STOCKHOLDERS YES YES NO