Why Choose Us?
Selecting an escrow company is a negotiable item in any transaction, which means Buyer, Seller, or Borrower can choose a Company. Commonly a Real Estate Agent or Lender will suggest a Company. You should research several Escrow Companies; to determine which Company you want to represent you as a neutral third party without overcharging you. The following are key factors to consider: Read more
You can trust Pacific City Escrow. We have NO affiliation with ANY service provider (Real Estate Agency, Broker, Lender or Title Company).
You matter to us. We DO NOT favor any person in the transaction, or give special pricing to only certain clients. We offer everyone the same all-inclusive SimpleEscrow™ pricing model and treat everyone equally.
We at Pacific City Escrow, by using the industry’s most revolutionary products, are raising the bar to make the closing experience as easy as possible.Read less
| Independent Escrow Companies |
Real Estate Broker- Owned Escrow Departments | Title Company Escrow Departments | Bank Escrow Departments | Savings & Loan Escrow Departments | |
|---|---|---|---|---|---|
| State Regulator | Dept. of Business Oversight | Bureau of Real Estate | Dept. of Insurance | FDIC | FDIC |
| Bonding Required | Yes | No | No | No | No |
| Manager-Escrow Experience Required | 5 yr E.O.Experience or 4 yr E.0.+ Escrow School | No | No | No | No |
| Regular Audits | Yes (Every 12 mo by the DBO without any prior notice) | No-B.R.E. Auditors go by appointment only | Internal audits at employer's direction | ||
| Annual CPA Audit Requirements | Yes | No | No | No | No |
| Trust Funds Insured | Yes, $5,000,000 Escrow Agents Fidelity Corp. (E.A.F.C) Covers all Licensed Escrow Corporations | No-B.R.E. Auditors go by appointment only | Internal audits at employer's direction | ||
| Escrow Office Certification | Available to any individual who is a member of the California Escrow Association | ||||
| Financial Liquidity Requirements | Yes | No | No | No | No |
| Escrow License Required | Yes | No | No | 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 | Yes, unless financing is provided by the bank | Yes, unless financing is provided by the S&L |
| DOJ Investigation of all employees, including Photos and Fingerprints | Yes | No | No | No | No |
Ready to Open Escrow or Have Questions? We are here to HELP
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What is EscrowEvolvedTM?
Balanced approach with flexibility and functionality
It is NOT complicated, we just focus on what matters. Unbeatable capacity while maintaining an all-inclusive pricing structure.
We have reengineered closing practices + our reinvented SimpleEscrow™ price model = Pacific City Escrow’s EscrowEvolved™.
- 1 st licensed CA D.B.O, AZ D.F.I & OR R.E.A Escrow to offer Digital Closing Pavaso Platform
- 1 st licensed CA D.B.O, AZ D.F.I & OR R.E.A Escrow to offer Mobile Deposit Capture
- 1 st licensed CA D.B.O, AZ D.F.I & OR R.E.A Escrow to offer Closing Timelines via email & text
- 1 st licensed CA D.B.O, AZ D.F.I & OR R.E.A Escrow to offer Post Closing Communications
- 1 st licensed CA D.B.O, AZ D.F.I & OR R.E.A Escrow to offer electronically delivered executed closing documents.
- Cutting-edge operating platform to expedite the closing process, increase efficiency & functionality while safeguarding transaction.
- Integration & 2-way real time communication with Originators, Title Companies and other transactional partners.
- 24/7 access to transaction(s) for Borrower, Buyer, Seller, Real Estate Agent & Lender.
