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 - June 2015

June total open orders were up 4% compared with May (with 22 business days in June compared with 20 in May), and were up 3% compared with May of the prior year (with 1 additional business day in June of the current year).  Open orders per day in June were 5,000, down 5% sequentially, and down 2% compared with June 2014. June purchase open orders were 2,300 per day, down 5% compared with last month, while refinance transactions were down 10% to 1,500 per day. Compared with June 2014, purchase open orders per day up 5%, while refinance transactions per day were down 5%. Total closed orders per day were 3,900 in June, down 3% sequentially, but up 12% compared with June 2014. In June, the refinance share of residential transactions declined to 40% for open orders and 43% for closed orders, compared with May.

For the second quarter of 2015, open orders per day were 5,200, down 5% compared with the first quarter of 2015, and closed orders per day were 3,900, an increase of 13%. During the second quarter, purchase open orders per day were up 16% compared with the first quarter of 2015, while refinance open orders were down 26%.

Year to date through June, open orders per day were up 14% compared with last year, and closed orders were up 15%. Year to date purchase open orders per day were up 6% compared with last year, while refinance open orders were up 40%. The refinance share of residential transactions year to date was 49% 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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