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 - December 2015

December total open orders were down 6% compared with November (with 22 business days in December compared with 19 in November), and were flat compared with December of the prior year (with the same 22 business days).  Open orders per day in December were 3,700, down 19% sequentially, and flat compared with December 2014. December purchase open orders were 1,300 per day, down 23% compared with last month, while refinance transactions were down 9% to 1,500 per day. Compared with December 2014, purchase open orders per day down 2%, while refinance transactions per day were flat. Total closed orders per day were 3,300 in December, up 5% sequentially, and flat compared with December 2014. In December, the refinance share of residential transactions was 52% for open orders and 43% for closed orders.

Fourth-quarter open orders per day were 4,400, down 9% compared with the third quarter, and closed orders per day were 3,200, down 7%. Fourth-quarter purchase open orders per day were down 21% compared with the third quarter, while refinance open orders were down 1%.

For the full year 2015, open orders per day were up 9% compared with last year, and closed orders were up 8%. Purchase open orders per day were up 4% compared with last year, while refinance open orders were up 21%. The refinance share of residential transactions year to date was 48% for open orders, compared with 46% 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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