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 - May 2015

May total open orders were down 12% compared with April (with 20 business days in May compared with 22 in April), and were down 1% compared with May of the prior year (with 1 less business day in May of the current year).  Open orders per day in May were 5,300, down 4% sequentially, and up 4% compared with May 2014. May purchase open orders were 2,400 per day, up 4% compared with last month, while refinance transactions were down 17% to 1,700 per day. Compared with May 2014, purchase open orders per day up 9%, while refinance transactions per day were up 5%. Total closed orders per day were 4,000 in May, up 6% sequentially and up 17% compared with May 2014. In May, the refinance share of residential transactions declined to 41% for open orders and 45% for closed orders, compared with April.

So far in the second quarter of 2015, (May QTD) open orders per day were 5,400, down 3% compared with the first quarter of 2015, and closed orders per day were 3,800, an increase of 13%. Second quarter to date, purchase open orders per day were up 17% compared with the first quarter of 2015, while refinance open orders were down 21%.

Year to date through May, open orders per day were up 18% compared with last year, and closed orders were up 16%. Year to date purchase open orders per day were up 6% compared with last year, while refinance open orders were up 50%. The refinance share of residential transactions year to date was 50% 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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