Title Order Counts

First American Title's Order Transactions By Month For Direct Title Operations

The chart below lists approximations of opened and closed title insurance order counts for First American's direct title insurance operations for the month and year indicated. The chart does not include orders opened or closed with First American agents. Updated postings will be made approximately 12 days after month-end and will include opened, as well as closed title order transactions.

Monthly Overview - July 2014

July total open orders were down 3% compared with June (22 business days in July vs. 21 business days in June), and were down 11% compared with July of the prior year (with 22 business days in both months).  Open orders per day in July were 4,700, down 8% sequentially, and down 11% from July 2013. July purchase open orders were 2,100 per day, down 2% compared with last month, while refinance transactions were down 4% to 1,500 per day. Compared with July 2013, purchase open orders per day were down 1%, while refinance transactions per day were down 14%. Total closed orders per day were 3,400 in July, down 2% sequentially and down 27% compared with July 2013. In July, the refinance share of residential transactions held steady at 42% for open orders and 40% for closed orders compared with last month.

In the first month of the third quarter, open orders per day were 4,700, down 6% compared with the second quarter of 2014, and closed orders per day were 3,400, up 1%. Quarter to date, purchase open orders per day were down 3% compared with the second quarter of 2014, while refinance open orders were down 1%.

Year to date through July, open orders per day were down 24% compared with last year, and closed orders were down 34%. Year to date, purchase open orders per day were down 1% compared with last year, while refinance open orders were down 46%. The refinance share of residential transactions year to date was 42% for open orders, compared with 57% in 2013.

Title Order Count Trends

Average Orders Per Business Day

The chart above shows historical title order data for the most recent 13 months
The chart above shows historical title order data for the most recent 13 months.

Open Orders: Year-Over-Year Comparison

Average Orders Per Business Day

Closed Orders: Year-Over-Year Comparison

Closed Orders: Year-Over-Year Comparison

Average Orders Per Business Day

Closed Orders: Year-Over-Year Comparison

ALL NUMBERS ARE APPROXIMATE. THOUGH PREVIOUSLY REPORTED DATA MAY BE ADJUSTED PERIODICALLY, FIRST AMERICAN DOES NOT UNDERTAKE TO UPDATE DATA AFTER THE DATE ON WHICH THEY ARE GIVEN. INVESTORS ARE ENCOURAGED TO USE THIS INFORMATION WITH CAUTION.

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