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 - October 2014

October total open orders were up 8% compared with September (given there were 23 business days in October compared with 21 in September), and were flat compared with October of the prior year (with the same 23 business days in October 2013).  Open orders per day in October were 4,600, down 1% sequentially, and flat with October 2013. October purchase open orders were 1,800 per day, down 9% compared with last month, while refinance transactions were up 17% to 1,700 per day. Compared with October 2013, purchase open orders per day were up 2%, while refinance transactions per day were up 7%. Total closed orders per day were 3,100 in October, down 8% sequentially and down 7% compared with October 2013. In October, the refinance share of residential transactions increased, compared with last month, to 49% for open orders while declining slightly to 42% for closed orders.

One month into the fourth quarter, open orders per day were 4,600, which was flat compared with the third quarter of 2014, and closed orders per day were 3,100, down 7%. October purchase open orders per day were down 12% compared with the third quarter of 2014 rate, while refinance open orders were up 13%.

Year to date through October, open orders per day were down 19% compared with last year, and closed orders were down 29%. Year to date, purchase open orders per day were flat compared with last year, while refinance open orders were down 37%. The refinance share of residential transactions year to date was 43% for open orders, compared with 54% 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.

Was this page helpful?
Thanks for the info!
Share Contact us about this page
Print Font Size A A A

Email This Page

Please Contact Me

Visit a State Website