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“Our Strength is in our People” NEWPORT BEACH | BEVERLY HILLS | SANTA MONICA | LA JOLLA | IRVINE | LAGUNA WOODS | SAN CLEMENTE | SAN DIEGO


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ES C RO W IS O U R C O RE BU SI NE SS

Locations throughout Southern California

Annually entrusted with over $6B in transactions

Completely independent escrow company with no affiliations to any real estate companies

Licensed by the Department of Business Oversight

SSAE 18 SOC 1 and SOC 2 Certified

One of the most extensive corporate teams in the industry with over 200 years of combined management experience

Handled three of the largest sales in the state’s history including the Playboy Mansion (2016)

Staff of seasoned escrow professionals with 500+ years of combined escrow experience

State of the art security measures in place to protect our clients’ identities and assets

Dedicated Trust Accounting Department acting as the gate-keeper to all funds entrusted to GESS

Trusted with highly specialized complex Holding Escrows ranging up to $300M

The leading escrow solution in Southern California

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“Our Strength is in our People”


S S AE 18 S O C C O M PLIANT

WE PRIDE OURSELVES ON BEING SOC COMPLIANT B U T W H AT D O E S T H AT R E A L LY M E A N ? •

It means that third party auditors were enlisted to thoroughly examine Granite’s operations and guarantee that we have the most stringent security controls in place

It means that Granite adheres to the same privacy and security measures as a bank, accountable to the highest standards in the financial, title and settlement industries

It recognizes that Granite can offer its clients a better, more secure experience with extensive networks, off site data storage, excess bonds and cyber insurance

It gives our clients peace of mind knowing that their money and data is always in the safest hands!

It recognizes that out of thousands of escrow companies, we are one of only a handful to hold this prestigious accreditation

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“Our Strength is in our People”


SECURITY - WHY SHOULD YOU CARE ...

ARE YOU PUTTING YOUR CLIENTS’ BEST INTERESTS FIRST? Alarming Statistics: • 50% of real estate businesses admit that they are not adequately prepared to prevent or mitigate a cyber-attack • Real estate companies are goldmines for criminals (they hold sensitive personally identifiable information and large sums of money) • There is no law requiring real estate businesses to implement information security programs, so most don’t! • Hackers can gain access to your system through your vendors – how well have you vetted all the companies you conduct business with? Remember the massive Target breach in 2013 that affected 41 million customers? Cyber attackers gained access to Target’s computer gateway through credentials stolen from a third-party vendor; their heating and air-conditioning company!

Let’s work together to combat cybercrime • Granite is SSAE 18 SOC Compliant (which ensures we thoroughly vet all vendors) • Granite has a Cyber Security Plan that is regularly tested and revised (as criminals are regularly testing and revising their tactics!) • We have created a company-wide ‘culture of cyber security’, regularly sharing updates, industry threats and new scams to be aware of • Your employees are your first line of defense so employee awareness and training is key-one wrong click and your entire system could be compromised

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“Our Strength is in our People”


WHAT TO LOOK FOR IN AN ESCROW COMPANY

ASK YOURSELF THE FOLLOWING QUESTIONS WHEN CHOOSING AN ESCROW COMPANY:

Is your escrow company as secure as a bank?

Is your escrow company SSAE 18 SOC Compliant?

Does your escrow company require specialized passwords and notarized wiring instructions to add another level of complexity?

Does your escrow company have cyber crime insurance? Ask to see a copy

Does your escrow company have robust systems and infrastructure in place?

Has your escrow company recently (or ever) tested to see if their procedures are as secure as they say they are?

Do all employees work in secure email?

Does your escrow company have an in-house trust accounting department separate to the branches with multiple security layers to enhance compliance?

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“Our Strength is in our People”


CYBER SAFETY

WHAT SHOULD A BROKER DO TO MITIGATE THE RISKS OF CYBER CRIME?

• Use encrypted email, not Yahoo or Gmail • Use strong passwords with a combination of letters, numbers and symbols • Change your password every 90 days • Update your computer whenever an update is available • Use up-to-date firewall and anti-virus technologies • Never open emails or attachments from an unfamiliar or unverified email address • Review how you collect, store and destroy data - is there a safer or better way to do this? • Shred old documents that you no longer need • Always call to confirm wire instructions - email alone is not good enough • Educate your clients about cyber fraud - help them to understand that extra layers of security are an advantage not an inconvenience

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“Our Strength is in our People”


COMMERCIAL

• Granite Escrow specializes in providing escrow and settlement services for a variety of commercial transactions including holding escrows (with a specialized EB-5 holding department) • Over the last few years, Granite Escrow’s team of professionals have closed some of the largest transactions in the state, including the playboy mansion and luxury building ‘The Century’ in Beverly Hills • Commercial transactions can be time consuming and require different legal requirements and due diligence compared to that of residential transactions. The seasoned professionals at Granite Escrow know what it takes to close the deal in a smooth and efficient manner • Granite Escrow & Settlement Services’ ability to work diligently on these highly complex transactions and focus on customer service is the key differentiator between Granite and its competitors • Granite Escrow prides itself on providing superior service, top-tier security with SSAE 18 SOC Compliance, and unparalleled levels of excellence and accuracy, making it a stand out choice for these high-profile transactions. Granite Escrow’s implementation and ongoing use of industry best practice allows them to continue to be a commercial escrow market leader

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“Our Strength is in our People”


EB-5

Granite has a specialized department for holding escrows and has handled almost 200 EB-5 escrows with projects all over the country ranging in size from $5m to $300m+

Our services include all services of an escrow agent but handled by our in-house General Counsel, such as setting up the escrow account for the project, preparing the escrow paperwork, receiving funds and releasing them in accordance with the instructions contained in the escrow agreement. As funds are received from investors, Granite issues receipts and confirmation of funds letters

Granite has a 24 hour secure on-line portal where clients are able to track the funds in escrow

We prepare tailor made agreements for the specific needs of each project and as an independent escrow company, we are flexible with release conditions

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“Our Strength is in our People”


B RANC H LO C AT IO NS

NEWPORT BEACH

BEVERLY HILLS

450 Newport Center Dr, Suite 600 Newport Beach

439 Canon Drive, Suite 220 Beverly Hills

IRVINE

SANTA MONICA

3500 Barranca Pkwy, Suite 200 Irvine

2001 Wilshire Blvd, Suite 325 Santa Monica

SAN CLEMENTE

SAN DIEGO

130 Avenida Serra San Clemente

3838 Camino Del Rio North, Suite 210 San Diego

LAGUNA WOODS

LA JOLLA

24361 El Toro Rd, Suite 275 Laguna Woods

1200 Prospect St, Suite 575 La Jolla

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“Our Strength is in our People”


Cory Schwab a native of Los Angeles, has enjoyed her tenure as a Senior Escrow Officer for over three decades. Cory goes above and beyond for all agents, principles, and lenders and is readily accessible at all times. Her core philosophy is that escrow should play a sincerely neutral, intermediary role. This spurred her to align with the veteran team at Granite Escrow, a truly independent escrow company. With locations across Southern California, Granite Escrow & Settlement Services gives Cory the proper support and stability, providing her with a

CORY SCHWAB

foundation to do what she does best - deliver the highest level of service

SENIOR ESCROW OFFICER

possible. Throughout her career, Cory has prided herself on constantly

CSCHWAB@GRANITEESCROW.COM

giving “extreme customer service”.

OFFICE (310) 288-0110 DIRECT (310) 307-8979 BEVERLY HILLS BRANCH 439 NORTH CANON DRIVE SUITE 220 BEVERLY HILLS, CA 90210

Granite Escrow & Settlement Services is proud to be one of the first independent escrow companies in California to complete an independent Certified Public

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Granite is one of only a handful of escrow companies to have submitted and passed this specialized audit on all its internal controls over security, availability, processing integrity, confidentiality, privacy and financial reporting.

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“Our Strength is in our People�

Beverly Hills Branch 4 3 9 No r t h Cano n D ri ve | S ui te 220 | Beve r l y H i l l s

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Beverly Hills Granite Escrow & Settlement Services - Cory Schwab  

Granite Escrow & Settlement Services is one of California’s largest independent escrow companies. Our corporate office is located in Newport...

Beverly Hills Granite Escrow & Settlement Services - Cory Schwab  

Granite Escrow & Settlement Services is one of California’s largest independent escrow companies. Our corporate office is located in Newport...

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