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 - January 2016

January total open orders were up 2% compared with December (with 19 business days in January compared with 22 in December), and were down 24% compared with January of the prior year (with 19 business days this January compared with 20 last year in January).  Open orders per day in January were 4,400, up 18% sequentially, but down 20% compared with January 2015. January purchase open orders were 1,700 per day, up 30% compared with last month, while refinance transactions were up 15% to 1,700 per day. Compared with January 2015, purchase open orders per day were down 2%, while refinance transactions per day were down 34%. Total closed orders per day were 2,800 in January, down 14% sequentially, and down 1% compared with January 2015. In January, the refinance share of residential transactions was 49% for open orders and 49% for closed orders.

January (first quarter to date) open orders per day were 4,400, down 2% compared with the fourth quarter of 2015, and closed orders per day were 2,800, down 12%. January purchase open orders per day were up 6% compared with the fourth quarter of 2015, while refinance open orders per day were up 5%.

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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