Title Order Counts

First American Title's Order Transactions By Month For U.S. 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 - March 2015

March total open orders were up 5% compared with February (given there were 22 business days in March compared with 19 in February), and were up 21% compared with March of the prior year (with one additional business day this year).  Open orders per day in March were 5,300, down 9% sequentially, and up 15% compared with March 2014. March purchase open orders were 2,200 per day, up 7% compared with last month, while refinance transactions declined 21% to 2,000 per day. Compared with March 2014, purchase open orders per day up 8%, while refinance transactions per day were up 42%. Total closed orders per day were 3,800 in March, up 9% sequentially and up 23% compared with March 2014. In March, the refinance share of residential transactions declined significantly to 48% for open orders, compared with February, and held essentially flat at 55% for closed orders.

In the first quarter of 2015, open orders per day were 5,500, up 30% compared with the fourth quarter of 2014, and closed orders per day were 3,400, an increase of 5%. First quarter purchase open orders per day were up 24% compared with the fourth quarter of 2014, while refinance open orders were up 46%.

Year to date through March, open orders per day were up 24% compared with last year, and closed orders were up 15%. Year to date purchase open orders per day were up 6% compared with last year, while refinance open orders were up 70%. The refinance share of residential transactions year to date was 54% for open orders, compared with 42% in 2014.

Title Order Count Trends

Average Orders Per Business Day

Title Order Count Trends
 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

Open 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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