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 – January 2017

January total open orders were up 5% compared with December (with 20 business days in January compared with 21 days in December 2016), and were down 11% compared with December of the prior year (with 20 business days this year compared with 19 days in January 2016).  Open orders per day in January were 3,700, up 10% sequentially, and were down 16% compared with last year. January purchase open orders were 1,700 per day, up 27% compared with last month, while refinance transactions were down 4% to 1,200 per day. Compared with January 2016, purchase open orders per day were flat, while refinance transactions per day were down 29%. Total closed orders per day were 3,100 in January, down 21% sequentially, but up 9% compared with January 2016. In January, the refinance share of residential transactions was 41% for open orders and 51% for closed orders.

January 2017 open orders per day were 3,700, down 14% compared with the fourth quarter of 2016 run rate, and closed orders per day were 3,100, down 23%. Purchase open orders per day in January 2017 were up 7% compared with the fourth quarter of 2016, while refinance open orders were down 33%.

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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