Fraud Prevention

Coast Cities Escrow has been in business since 1980 and is licensed to do business in all of the State of California. We are governed by 2 regulatory agencies – Department of Financial Protection & Innovation (DFPI) and Escrow Agents Fidelity Corporation (EAFC). Through the DFPI, all of our employees submit to fingerprinting and criminal background checks which go through the Department of Justice (DOJ) and the Federal Bureau of Investigation (FBI). Through the EAFC, we carry a Fidelity Bond.

We are audited annually by a CPA and are subject to an audit every 2 to 4 years by the DFPI’s Escrow Law Division. In addition, we have elected for a second annual audit performed by a third party to carry a SSAE 18 SOC 2 Type 2 – Statement on Standards for Attestation Engagements 18. This includes generally accepted auditing standards produced and published by the American Institute of Certified Public Accountants (AICPA) Auditing Standards Board. Providing additional assurance to our clients that we comply with the highest standards in data security, availability, processing, integrity, confidentiality, privacy and financial reporting.

The DFPI requires that we reconcile our accounts once a month. However, our company policy is to reconcile our accounts daily as well as monthly. We proudly maintain a designated division under the constant supervision of our Trust Accounting Director with the sole purpose of protecting the consumer. In addition, we utilize the CertifID platform providing additional layers of protection in the transfer of our clients’ funds via wire.

The protection of our clients’ non-public personal information (NPPI), funds and assets are of the utmost importance to Coast Cities Escrow. We understand the need for confidentiality and security and respect the responsibility you have entrusted us with.