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Learn More / Escrow vs Title insurance

In this state, most escrow companies are also title insurance companies. However, escrow and title is not the same thing.
In this state, most escrow companies are also title insurance companies. However, escrow and title is not the same thing.

The title department or company issues a Preliminary Commitment for Title Insurance, which is a statement of the status of title (including vesting) and all the exceptions to title, such as monetary encumbrances (loans, judgments, taxes, liens); rights, title and interests (i.e. the life estate of Grandma); and covenants, conditions, restrictions and easements. The commitment (or "PTR", "prelim", "title report") also includes documents and items that the title company requires before they will record documents (i.e. trust deeds) or issue title insurance policies.
Title insurance is not a casualty or risk-based insurance like homeowner's insurance or mortgage insurance. A title company works very hard to eliminate every possibility of risk prior to issuing a policy.

Escrow
  • Handles loan documents and funds

  • Prepares escrow documents and obtains signature

  • Has primary customer contact

  • Handles transactions anywhere in US.

  • Is regulated by Real Estate Agency


    • Title
  • Performs title search and title underwriting

  • Records documents

  • Maintains contact with escrow only

  • Handles title functions county by county

  • Is regulated by Insurance Commissioner


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