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 - February 2015

February total open orders were up 3% compared with January (with only 19 business days in February compared with 20 in January), and were up 28% compared with February of the prior year (with the same 19 business days).  Open orders per day in February were 5,800, up 8% sequentially, and up 28% compared with February 2014. February purchase open orders were 2,000 per day, up 14% compared with last month, while refinance transactions held steady at 2,500 per day. Compared with February 2014, purchase open orders per day up 3%, while refinance transactions per day were up 73%. Total closed orders per day were 3,400 in February, up 21% sequentially and up 15% compared with February 2014. In February, the refinance share of residential transactions was 56% for open orders and 56% for closed orders.

In the first quarter through February, open orders per day were 5,600, up 30% compared with the fourth quarter of 2014, and closed orders per day were 3,100, down 4%. First quarter through February, purchase open orders per day were up 15% compared with the fourth quarter of 2014, while refinance open orders were up 56%.

Year to date through February, open orders per day were up 27% compared with last year, and closed orders were up 9%. Year to date purchase open orders per day were up 2% compared with last year, while refinance open orders were up 84%. The refinance share of residential transactions year to date was 58% for open orders, compared with 43% 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.

Was this page helpful?
Thanks for the info!
Share Contact us about this page
Print Font Size A A A

Email This Page

Please Contact Me

Visit a State Website