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No bullet-proof system: How one escrow state tackles escrow security
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Industry News, Operations
Tuesday, July 17, 2012
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As universal as the topic of escrow security is in the industry, there
are many diverse opinions, solutions and regulations. And as the title
industry, its customers and its regulators contemplate some serious
decisions (and some radical solutions) on how to best protect funds and
facilitate transactions, it’s important that all stones are unturned.
Today, we ‘unturn’ California’s stone. We reached out to the Escrow
Institute of California (EIC) to get a better understanding on how that
“escrow state” functions and if any best practices could translate to
the broader title industry.
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