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Meridian Escrow Services, Inc. is a California Corporation dedicated to providing exceptional service driven escrow services to the real estate and lending industries.
As required under the California Financial Code, Meridian Escrow Services, Inc. employs independent Certified Public Accountants to audit its records and operations on an annual basis. These financial reports are submitted to the California Department of Business Oversight for their review and approval. Additionally, to maintain compliance with the laws and regulations established by the California Financial Code the Department of Business Oversight performs its own internal audit of Meridian Escrow Services, Inc.’s records. Furthermore, Meridian Escrow Services, Inc. requires all employees be fingerprinted and bonded.
Meridian Escrow Services, Inc. is an independently owned company. As such, all employees of Meridian Escrow Services, Inc. are bonded and certified by the Escrow Agents Fidelity Corporation. The Escrow Agents Fidelity Corporation works in conjunction with the Department of Business Oversight in reviewing each employees’ fingerprints and background checks once they are reviewed and approved by the Department of Justice of the state of California. These strict requirements imposed by the Department of Business Oversight and the Escrow Agents Fidelity Corporation are in place to protect consumers and lending entities from the misuse of funds or documents held in trust by the escrow company.
To be able to obtain an escrow license in the state of California the company must be run by a qualified escrow manager with a minimum of five years’ experience as an escrow officer. This means that each transaction is overseen by an experienced escrow manager who has extensive expertise developed through experience and ongoing training. Additionally, Meridian Escrow Services, Inc. is licensed by the California Department of Business Oversight. In order to be licensed by the California Department of Business Oversight each escrow company must post a substantial surety bond and have fidelity insurance in place.