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.

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Monthly Overview - June 2014

June total open orders were flat compared with May (21 business days in both months), but were down 9% compared with June of the prior year (with 1 more business day than last year).  Open orders per day in June were 5,100, flat sequentially, but down 13% from June 2013. June purchase open orders were 2,200 per day, down 1% compared with last month, while refinance transactions were down 1% to 1,600 per day. Compared with June 2013, purchase open orders per day were down 2%, while refinance transactions per day were down 33%. Total closed orders per day were 3,400 in June, up 2% sequentially and down 33% compared with June 2013. In June, the refinance share of residential transactions was 42% for open orders and 39% for closed orders which was steady compared with last month.

For the second quarter, open orders per day were 5,000, up 12% compared with the first quarter of 2014, and closed orders per day were 3,300, up 13%. In the second quarter, purchase open orders per day were up 16% sequentially, while refinance open orders were up 11%.

Year to date through June, open orders per day were down 26% compared with last year, and closed orders were down 36%. Year to date, purchase open orders per day were flat to last year, while refinance open orders were down 50%. The refinance share of residential transactions year to date was 42% for open orders, compared with 59% in 2013.

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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.

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Open Orders: Year-Over-Year Comparison

Average Orders Per Business Day

Closed Orders: Year-Over-Year Comparison

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Closed Orders: Year-Over-Year Comparison

Average Orders Per Business Day

Closed Orders: Year-Over-Year Comparison

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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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