escrow agents' fidelity

Name

escrow agents' fidelity

Legal name

Escrow Agents' Fidelity Corporation

Website

https://eafc.org

Company type

Private

Operating status

Operating

Ownership category

akta.pro rank

Product category

Fidelity Bond and Indemnity Coverage Services

NAICS

Trusts, Estates, and Agency Accounts (52592), Other Insurance Funds (525190)

SIC

Surety Insurance (6351)

akta.pro primary industry

Escrow, Trust & Legal Settlement Disbursements (FSAMAKAO)

Keywords

• Fidelity bond insurance
• Indemnity coverage services
• Employee certification programs
• Regulatory compliance auditing
• Mutual benefit corporation

Headquarters

HQ city

Los Angeles

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Personnel, Others, Technology or R&D, Marketing or Sales

Revenue model

1. Membership Assessments: EAFC is a non-profit mutual benefit corporation funded through membership assessments. All independently licensed escrow companies engaged in specified escrow transactions are required to participate as members and contribute to the fidelity coverage fund.

Distribution channels1 record

Marketing channels1 record

Core offering

EAFC administers statutory indemnity coverage protecting California-licensed independent escrow companies against losses of trust obligations caused by employee embezzlement, subject to limitations in the California Financial Code. The organization also operates an Employee Certificate Program that screens workers for disqualifying misconduct or dishonesty-related criminal records, and a periodic Member Audit Program authorized under Section 17336 of the Financial Code. Membership is mandatory under Section 17312 for all California escrow licensees engaged in specified escrow transactions.

Product overview

Escrow Agents' Fidelity Corporation (EAFC) is a non-profit mutual benefit corporation that provides fidelity/indemnity coverage for independently licensed escrow companies in California. EAFC's core offering consists of: (1) Indemnity coverage protecting member escrow companies against losses from employee embezzlement of trust obligations, as mandated under California Financial Code Sections 17300-17350, and (2) Administrative programs including a Certificate Program for employee background screening and certification, and a Member Audit Program for periodic compliance auditing. EAFC does not offer a commercial product platform in the traditional sense—its services are regulatory and administrative in nature, serving as a required membership organization for California escrow licensees rather than a technology product company.

Differentiator

Problem solved

Functional benefit

Products and services

• Indemnity Coverage Program Statutory fidelity bonding and indemnification coverage that protects California-licensed independent escrow companies against loss of trust obligations caused by employee embezzlement, subject to the limitations in the California Financial Code. Required for all licensees engaged in the escrow transaction types specified in Section 17312(c).
• Employee Certificate Program Mandatory certification program for all employees, temporary, and freelance individuals of EAFC member escrow companies. Screens applicants for disqualifying misconduct or criminal records involving dishonesty, and suspends or revokes certificates upon subsequent misconduct as required by the Financial Code.
• Member Audit Program Periodic compliance auditing of EAFC member escrow companies, authorized under Section 17336 of the California Financial Code, to ensure regulatory adherence across the membership base.

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

One partnership is on record.

• California Department of Financial Protection and InnovationcoreOthersThe Department of Financial Protection and Innovation (DFPI) is the California state regulatory agency that licenses independent escrow companies. EAFC operates in conjunction with DFPI as the designated fidelity corporation under the California Financial Code, providing indemnification coverage for DFPI-licensed escrow companies and administering employee certification programs on behalf of its members.

Scale indicators1 record

Recent moves3 records

Broad incumbents

• Fidelity National Financial: Largest U.S. title insurance underwriter, with significant escrow operations in California. Comparable as a major participant in the same California escrow and settlement ecosystem that EAFC's members serve.
• American Land Title Association: National trade association for the title insurance and settlement industry. Comparable as the broader industry counterpart that sets standards and coordinates with state regulators on escrow, settlement, and fidelity-related issues.
• Stewart Information Services Corporation: Title insurance and escrow services provider operating nationally including California. Comparable as a competitor and customer-ecosystem participant in the California escrow industry EAFC regulates.
• Investors Title Company: U.S. title insurance underwriter serving independent agents. Comparable as an industry participant in escrow and title services that depends on the same fidelity and certification infrastructure EAFC administers.
• First American Financial Corporation: Major U.S. title insurer and escrow services provider with substantial California operations. Comparable as a counterparty in the same escrow industry whose independent licensees EAFC is statutorily mandated to bond.
• Old Republic International Corporation: Diversified insurer with a significant title insurance segment (Old Republic Title). Comparable as a major title-and-escrow industry participant whose California operations interact with the same regulatory and escrow framework EAFC administers.

Others

• California Department of Financial Protection and Innovation: California state regulator that licenses independent escrow companies and works in conjunction with EAFC. Comparable as a structural counterparty that defines the statutory framework EAFC operates within.

Regional players

• California Land Title Association: State-level trade association representing California title insurance underwriters, agents, and escrow companies. Comparable as a California-based membership organization governing professionals who handle escrow and real estate closing funds, with overlapping regulatory relationships to DFPI.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat2 records

Key risks5 records

Key highlights5 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about escrow agents' fidelity