Title Order Counts

First American Title's Order Transactions By Month For U.S. Direct Title Operations

The monthly overview and historical title order data below are prepared based on the company's production reporting system that tracks opened and closed title insurance order counts for First American's U.S. direct title insurance operations. 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 – April 2017

April total open orders were down 9% compared with March (with 20 business days in April compared with 23 days in March), and were down 20% compared with April of last year (with 20 business days this April compared with 21 business day in April 2016). Open orders per day in April were 4,600, up 4% sequentially, and were down 16% compared with last year. April purchase open orders were 2,300 per day, up 6% compared with last month, with refinance transactions down 2% to 1,300 per day. Compared with April 2016, purchase open orders per day were flat, while refinance transactions per day were down 38%. Total closed orders per day were 3,200 in April, up 5% sequentially, but down 11% compared with April 2016. In April, the refinance share of residential transactions was 36% for open orders and 37% for closed orders.

April open orders per day were 4,600, up 9% compared with the first quarter of 2017, and closed orders per day were 3,200, up 4%. April purchase open orders per day were up 16% compared with the first quarter of 2017, while refinance open orders were up 3%.

Year to date through April, open orders per day were down 15% compared with last year, and closed orders were down 4%. Year to date purchase open orders were up flat compared with last year, while refinance open orders were down 38%. The refinance share of residential transactions year to date was 38% for open orders, compared with 49% in 2016.

Historical Title Order Data

PLEASE NOTE 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.