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 10-12 days after month-end and will include opened, as well as closed title order transactions.

Monthly Overview – December 2016

December total open orders were down 24% compared with November (with 21 business days in December compared with 20 days last month), and were down 14% compared with December of the prior year (with 21 business days this year compared with 22 days in December last year).  Open orders per day in December were 3,300, down 27% sequentially, and were down 10% compared with last year. December purchase open orders were 1,400 per day, down 20% compared with last month, while refinance transactions were down 32% to 1,200 per day. Compared with December 2015, purchase open orders per day were up 2%, while refinance transactions per day were down 16%. Total closed orders per day were 4,000 in November, down 4% sequentially, but up 21% compared with December 2015. In December, the refinance share of residential transactions was 48% for open orders and 51% for closed orders.

For the fourth quarter, open orders per day were 4,300, down 25% compared with the third quarter of 2016, and closed orders per day were 4,100, down 3%. Fourth quarter purchase open orders per day were down 23% compared with the third quarter of 2016, while refinance open orders were down 31%.

For the full year 2016, open orders per day were up 2% compared with last year, and closed orders were up 9%. Purchase open orders per day in 2016 were down 1% compared with last year, while refinance open orders were up 15% compared with last year. The refinance share of residential transactions for the full year was 51% for open orders, compared with 48% in 2015.

Title Order Count Trends

Average Orders Per Business Day


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

 

Closed Orders: Year-Over-Year Comparison

Average Orders Per Business Day

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.

myFirstAm®

Access the powerful online services available only at First American.

Sign In
Forgot Username or Password?

Sign Up

Sign up for a myFirstAm® account.

Other Platforms

  • myFirstAm®

    Track orders, calculate fees, and set milestone alerts.

  • FASTWeb

    Title ordering, routing and tracking.

  • AgentNet®

    eJackets, closing protection letters, back title, bulletins and more.

  • DataTree.com

    Access the nation's largest land record database.

  • Home Warranty

    Coverage for a home's major systems and appliances.