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 – October 2016

October total open orders were down 8% compared with September (with 21 business days in both periods), and were down 6% compared with October of the prior year (with 21 business days this year compared with 22 days in October last year). Open orders per day in October were 5,000, down 8% sequentially, and were down 1% compared with last year. October purchase open orders were 1,800 per day, down 8% compared with last month, while refinance transactions were down 10% to 2,200 per day. Compared with October 2015, purchase open orders per day were down 4%, while refinance transactions per day were up 28%. Total closed orders per day were 4,100 in October, down 5% sequentially, but up 24% compared with October 2015. In October, the refinance share of residential transactions was 56% for open orders and 55% for closed orders.

For the fourth quarter (October), open orders per day were 5,000, down 13% 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 15% compared with the third quarter of 2016, while refinance open orders were down 13%.

Year-to-date through October, open orders per day were up 2% compared with last year, and closed orders were up 5%. Year to date purchase open orders per day were down 1% compared with last year, while refinance open orders were up 17% compared with last year. The refinance share of residential transactions year to date was 52% for open orders, compared with 47% 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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