No, they aren’t. To take this a step further, escrow officers are not all the same either. One of the advantages we have is that we have dealt with every major title/escrow company at one time or another. (in markets we service.) In addition to this, we have worked with countless escrow officers along the way. So what’s the difference?
As you probably already know, the fees vary only slightly. The only exception ($) to this involves binder policies, investor rates for repeat clients, etc… but for your average seller, the difference is service and convenience. Good rules of thumb to follow:
1) Pick a company that is reputable and has multiple offices across your state
2) Pick a company with an office close to your location
3) Pick an escrow officer for whom you have a personal referral from a friend, colleague, or someone you trust.
At the end of the day, you will be dealing with the escrow officer yourself. Your level of satisfaction will be determined by this person. So why do I care as a seller? The escrow officer has the ability to make the transaction become a complete nightmare for you. You want to work with someone that will make the process easier, not more difficult. Choose wisely.
We are available to provide recommendations and referrals upon request. We do not receive any perks/kickbacks/etc… from any title/escrow company or officer. We provider our recommendations solely on the idea that we want your closing experience to be simple and hassle free.