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 - July 2015

July total open orders were down 2% compared with June (with the same 22 business days in both months), and were up 4% compared with July of the prior year (with the same number of business days).  Open orders per day in July were 4,900, down 2% sequentially, and up 4% compared with July 2014. July purchase open orders were 2,200 per day, down 3% compared with last month, while refinance transactions were down 2% to 1,500 per day. Compared with July 2014, purchase open orders per day up 4%, while refinance transactions per day were down 3%. Total closed orders per day were 3,700 in June, down 5% sequentially, but up 9% compared with July 2014. In July, the refinance share of residential transactions was 40% for both open and closed orders.

Third quarter to date (thru July), open orders per day were 4,900, down 7% compared with the second quarter, and closed orders per day were 3,700, down 5%. In July, purchase open orders per day were down 5% compared with the second quarter, while refinance open orders were down 14%.

Year to date through July, open orders per day were up 13% compared with last year, and closed orders were up 14%. Year to date purchase open orders per day were up 6% compared with last year, while refinance open orders were up 33%. The refinance share of residential transactions year to date was 48% 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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