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 – June 2016

June total open orders were up 10% compared with May (with 22 business days in June compared to 21 day in May), and were up 11% compared with June of the prior year (with the same 22 business days in each period).  Open orders per day in June were 5,500, up 5% sequentially and higher by 11% compared with last year. June purchase open orders were 2,300 per day, flat compared with last month, while refinance transactions were up 14% to 2,300 per day. Compared with June 2015, purchase open orders per day were down 1%, while refinance transactions per day were up 50%. Total closed orders per day were 4,000 in June, up 2% sequentially, and up 3% compared with June 2015. In June, the refinance share of residential transactions was 50% for open orders and 45% for closed orders.

For the second quarter, open orders per day were 5,400, up 11% compared with the first quarter of 2016, and closed orders per day were 3,800, up 23%. Second quarter purchase open orders per day were up 16% compared with the first quarter of 2016, while refinance open orders were up 8%.

Year to date through June, open orders per day were down 4% compared with last year, and closed orders were down 4%. Year to date purchase open orders per day were down 2% compared with last year, while refinance open orders were flat to last year. The refinance share of residential transactions year to date was 49% for open orders, compared with 49% 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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