Joint Control
We are a licensed joint control company
LICENSED
BuildZig is Joint Control License Holder
with a join control license. BuildZig offers better protection for our lenders and their borrowers! Buildzig Funds Control is a licensed Joint Control company, offering you the security of state regulatory oversight of your funds.
State Regulatory Oversight
having a regulatory oversight and audit systems in place, we can offer you the highest comfort that your funds are secure in the industry.
Join Control Escrow Lic.
96DOB-50315
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- BZFC is a bonded and licensed Joint Control Agent subject to provisions of the Escrow Law Division 6 of the California Financial Code & Escrow Regulations
- Joint Control escrow agent is a member of the Nonprofit Escrow Agents Fidelity Corporation (EAFC). This protects your funds from any fraud, theft or embezzlement.
- A Fidelity Bond is required at all times for Officers, Directors, Trustee and all Employees.
- Annual and quarterly audits reviewed by an independent CPA firm must be submitted to the Department of Business Oversight
- Every funds control processor and manager must pass the state’s vetting process, including Live Scan approval
- BuildZig is insured by Lloyd’s of London
A Leader in Best Practices
for Funds Control Lending
Protection
BZFC engages in the best practices to help lenders protect their construction funds.
Reports
Every inspection report is prepared by a professional who has visited the job site and then the report is reviewed by a licensed contractor with years of draw processing experience.
Inspections
Our inspection reports include detailed comments, pictures of each draw item and a percent complete for the project.
Lien Releases
Our funds control processors collect lien releases and report when the funds being requested exceed the progress on the job site.