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
April total open orders of 152,000 were up 13% sequentially, and up 19% compared with April of the prior year. Open orders per day were 6,900, up 8% and 14% respectively, given 1 less business day in both March 2013 and April 2012. The year-over-year increase was driven by growth in both resale and refinance transactions. Total closed orders in April were up 6% sequentially, with closed orders per day up 1% to 4,900. Compared with April 2012, total closed orders were up 11%, while closed orders per day were up 6%.
Compared to the first quarter 2013 run rate, open orders per day are up 11% and closed orders per day are up 2%, in April. There are 64 business days in the second quarter of 2013 compared to 61 business days in the first quarter.
Title Order Count Trends
Average Orders Per Business Day
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
Closed Orders: Year-Over-Year Comparison
Average Orders Per Business Day
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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