Escrow and Settlement - Services
Experience makes the difference. The officers and legal agents that are part of the Service Escrow Inc. network go through what we believe to be the most rigorous vetting process in the industry. The Service Escrow Inc. Trusted Provider Seal validates the high quality standards we have met to be a Service Escrow Inc. officer.
In order to qualify as a Service Escrow Inc. Trusted Provider, an officer agent must:
- Pass an intensive initial due-diligence screening
- Background and credit checks
- Extensive Review of applicant's experience, business model and policy loss history
- Licensing verification
- Conduct business according to our stringent independent agency standards
- Maintain honesty and integrity above all else
- Stay firmly customer focused
- Employ dedicated and well-trained associates
- Reconcile all escrow (trust/guaranty) accounts in a timely manner each month
- Maintain policies and procedures to ensure efficient and secure settlements, and timely address consumer concerns
- Maintain an acceptable policy loss ratio
- Issue title policies in a timely and compliant manner
- Report policies and remit payments promptly
- Maintain a business model that supports the long-term success of our agency
- Comply with all local, state, national and international rules and regulations
- Adhere to all Service Escrow Inc. policies, procedures and underwriting bulletins
- Undergo strict ongoing monitoring
- Deloitte audits based upon risk model scoring
- Quarterly visits and detailed operational checklist by Service Escrow Inc. representative (20 points covered)
- Random background and credit checks
- Policy inventory audits
- Comprehensive ongoing operational review of agency network by Service Escrow Inc. senior management
- Extensive training program for loss mitigation and loss avoidance
- CFPB compliance training with attendance certification
- Licensing verification
Service Escrow Inc.
is a full-service Indiana real estate firm that is staffed by local real estate experts.