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 - November 2014

November total open orders were down 25% compared with October (given there were only 18 business days in November compared with 23 in October), and were down 6% compared with November of the prior year (with 1 less business day in November 2014).  Open orders per day in November were 4,400, down 4% sequentially, and down 1% compared with November 2013. November purchase open orders were 1,700 per day, down 7% compared with last month, while refinance transactions were down 2% to 1,700 per day. Compared with November 2013, purchase open orders per day were up 1%, while refinance transactions per day were up 7%. Total closed orders per day were 3,300 in November, up 6% sequentially and down 5% compared with November 2013. In November, the refinance share of residential transactions increased, compared with last month, to 50% for open orders and 45% for closed orders.

In the fourth quarter through November, open orders per day were 4,600, down 2% compared with the third quarter of 2014, and closed orders per day were 3,200, down 5%. Quarter to date, purchase open orders per day were down 14%, compared with the third quarter of 2014 rate, while refinance open orders were up 12%.

Year to date through November, open orders per day were down 17% compared with last year, and closed orders were down 28%. Year to date purchase open orders per day were flat compared with last year, while refinance open orders were down 34%. The refinance share of residential transactions year to date was 44% for open orders, compared with 54% in 2013.

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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