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 - March 2014

March total open orders increased 13% from February (21 business days in March vs. 19 in Feb.), and down 28% compared with March of the prior year (with the same 21 business days).  Open orders per day in March were 4,600, up 2% sequentially but down 28% from March 2013.  Compared with February, March purchase open orders were up 5% to 2,000 per day, while refinance transactions were down 2% to 1,400 per day. Compared with March of the prior year, purchase open orders per day were down 3%, while refinance transactions per day were down 50%. Total closed orders per day were 3,100 in March, up 3% sequentially and down 36% compared with March 2013. In March, the refinance share of residential transactions was 42% for open orders and 41% for closed orders.

First quarter 2014 open orders per day were 4,400, up 4% compared with the fourth quarter of 2013, and closed orders per day were 3,000, down 14%. Year to date, purchase open orders per day were flat compared to last year.

Title Order Count Trends

Average Orders Per Business Day

The chart above shows historical title order data for the most recent 13 months
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

Orders Per Business Day

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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