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 – July 2016

July total open orders were down 2% compared with June (with 20 business days in July compared to 22 day in June), and were up 11% compared with July of the prior year (with 20 days in July this year compared with 22 business days last year).  Open orders per day in July were 6,000, up 7% sequentially and higher by 23% compared with last year. July purchase open orders were 2,200 per day, down 3% compared with last month, while refinance transactions were up 19% to 2,700 per day. Compared with July 2015, purchase open orders per day were down 1%, while refinance transactions per day were up 82%. Total closed orders per day were 4,200 in July, up 6% sequentially, and up 16% compared with July 2015. In July, the refinance share of residential transactions was 56% for open orders and 47% for closed orders.

Through the first month of the third quarter, open orders per day were 6,000, up 10% compared with the second quarter of 2016, and closed orders per day were 4,200, up 11%. Third quarter-to-date purchase open orders per day were down 4% compared with the second quarter of 2016, while refinance open orders were up 29%.

Year-to-date through July, open orders per day were down 1% compared with last year, and closed orders were down 2%. Year to date purchase open orders per day were down 2% compared with last year, while refinance open orders were up 8% compared with last year. The refinance share of residential transactions year to date was 50% 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.

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