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 - September 2014

September total open orders were up 3% compared with August (both periods with 21 business days), and were up 7% compared with September of the prior year (with 1 less business day in Sept. 2013).  Open orders per day in September were 4,700, up 3% sequentially, and up 2% from September 2013. September purchase open orders were 2,000 per day, down 2% compared with last month, while refinance transactions were down 4% to 1,500 per day. Compared with September 2013, purchase open orders per day were up 1%, while refinance transactions per day were down 3%. Total closed orders per day were 3,400 in September, up 1% sequentially and down 13% compared with September 2013. In September, the refinance share of residential transactions held fairly steady compared with last month at 43% for open orders and 43% for closed orders.

For the third quarter, open orders per day were 4,600, down 7% compared with the second quarter of 2014, and closed orders per day were 3,400, up 1%. Third quarter purchase open orders per day were down 7% compared with the second quarter of 2014, while refinance open orders were down 2%. 

Year to date through September, open orders per day were down 20% compared with last year, and closed orders were down 31%. Year to date, purchase open orders per day were down 1% compared with last year, while refinance open orders were down 40%. The refinance share of residential transactions year to date was 42% for open orders, compared with 55% 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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