Escrow
The First American Corporation is synonymous with customer service and attention to detail with regards to our title insurance products. First American's Escrow services are no different.
Our escrow services are specialized to serve homebuilders, large commercial transactions and high volume acquisition and refinance lenders as well as you, the individual property owner. A title company escrow provides several distinct advantages.
- It is a corporation and has unlimited life.
- First American provides Errors and Omissions as well as Fidelity Bonds on all aspects of its operations offering a wide umbrella of protection against misappropriation of funds or transactional errors.
- Lenders prefer to fund loans through a title company. This process is referred to as sub escrow and is not required for a First American Title escrow transaction eliminating an additional charge on the closing statement.
- Coordination between escrow and title operations allows for earlier identification and resolution of problems that may arise in specific instances or on a specific property.
- Regional escrow administration assures consistency of professional conduct throughout the organization, continuous training, and process improvement.
- Investment in technology streamlines the vast amount of paperwork required by even the simplest sale or refinance and organizes the information to assure timely processing and minimize errors.
- Local in-house counsel for prompt, equitable problem resolution.
To find out more about escrow and how it works, click here.