Licensing

OAKWOOD ESCROW IS LICENSED BY THE DEPARTMENT OF BUSINESS OVERSIGHT (DBO), LICENSE # 963-2606.

OAKWOOD ESCROW METRO IS LICENSED BY THE DEPARTMENT OF BUSINESS OVERSIGHT (DBO), LICENSE # 96DBO-35652

OAKWOOD ESCROW ESCONDIDO IS LICENSED BY THE DEPARTMENT OF BUSINESS OVERSIGHT (DBO), LICENSE # 96DBO-45860

OAKWOOD ESCROW DEL MAR IS LICENSED BY THE DEPARTMENT OF BUSINESS OVERSIGHT (DBO), LICENSE # 96DBO-45861

OAKWOOD ESCROW LA MESA IS LICENSED BY THE DEPARTMENT OF BUSINESS OVERSIGHT (DBO), LICENSE # 96DBO-45859

THE DEPARTMENT OF BUSINESS OVERSIGHT REQUIRES OAKWOOD TO MEET THE FOLLOWING REQUIREMENTS AND REGULATIONS.

  • ALL EMPLOYEES IN THE COMPANY MUST PASS BACKGROUND CHECKS AND HAVE FINGERPRINTS ON FILE WITH THE DEPARTMENT OF JUSTICE.
  • A REQUIREMENT THAT A MANAGER/ESCROW OFFICER WITH AT LEAST 5 YEARS OF EXPERIENCE BE ON-SITE.
  • FINANCIAL STABILITY REQUIREMENTS, INCLUDING A MINIMUM OF TWO AUDITS PER YEAR.
  • PROHIBITING EMPLOYMENT OF CONVICTED FELONS OR ANYONE WHO HAS BEEN DISBARRED FROM THE ESCROW INDUSTRY.
  • MEMBERSHIP WITH THE ESCROW AGENTS’ FIDELITY CORPORATION, WHICH PROVIDES A $4 MILLION FIDELITY BOND.

THIS SHOULD ASSURE YOU THAT A “LICENSED” ESCROW COMPANY, LIKE OAKWOOD ESCROW, IS THE BEST NEUTRAL THIRD PARTY FOR YOUR REAL ESTATE TRANSACTION!