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 – August 2016

August total open orders were up 11% compared with July (with 23 business days in August compared to 20 days in July), and were up 33% compared with August of the prior year (with 23 days in August this year compared with 21 business days last year).  Open orders per day in August were 5,800, down 3% sequentially but were up 21% compared with last year. August purchase open orders were 2,200 per day, flat with last month, while refinance transactions were down 9% sequentially to 2,500 per day. Compared with August 2015, purchase open orders per day were up 3%, while refinance transactions per day were up 52%. Total closed orders per day were 4,100 in August, down 3% sequentially, and up 20% compared with August 2015. In August, the refinance share of residential transactions was 53% for open orders and 52% for closed orders.

Through the second month of the third quarter, open orders per day were 5,900, up 8% compared with the second quarter of 2016, and closed orders per day were 4,200, up 9%. 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 23%.

Year-to-date through August, open orders per day were up 2% compared with last year, and closed orders were up 1%. Year to date purchase open orders per day were down 1% compared with last year, while refinance open orders were up 13% compared with last year. The refinance share of residential transactions year to date was 51% 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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