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 - August 2014

August total open orders were down 8% compared with July (21 business days in August vs. 22 business days in July), and were down 11% compared with August of the prior year (with 22 business days in August of last year).  Open orders per day in August were 4,500, down 3% sequentially, and down 7% from August 2013. August purchase open orders were 2,000 per day, down 6% compared with last month, while refinance transactions were down 1% to 1,500 per day. Compared with August 2013, purchase open orders per day were down 2%, while refinance transactions per day were down 1%. Total closed orders per day were 3,400 in August, up 1% sequentially and down 19% compared with August 2013. In August, the refinance share of residential transactions increased slightly compared with last month to 43% for open orders and 41% for closed orders.

For the first two months of 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%. Quarter to date, purchase open orders per day were down 6% compared with the second quarter of 2014, while refinance open orders were down 1%.

Year to date through August, open orders per day were down 22% compared with last year, and closed orders were down 33%. Year to date, purchase open orders per day were down 1% compared with last year, while refinance open orders were down 43%. The refinance share of residential transactions year to date was 42% for open orders, compared with 56% 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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