Title Order Counts

First American's Title 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 only, which disproportionately reflect title order activity in the western U.S. The commentary and excel table do not include transaction activity from First American’s agents.

Title order updates will be posted approximately 10-12 days after the end of each calendar month.

Monthly Overview – July 2020

July total open orders were up 10% compared with June (with the same 22 business days in both periods) and were up 37% compared with July of last year (with the same 22 business days in both periods).  Open orders per day in July were 6,600, up 10% sequentially, and up 37% compared with last year. July purchase open orders were 2,400 per day, up 2% compared with last month, and refinance transactions were up 9% to 3,200 open orders per day. Compared with July 2019, purchase open orders per day were up 6%, while refinance transactions per day were up 101%. Total closed orders per day were 4,500 in July, up 4% on a sequential basis, and up 36% compared with July 2019. In July, the refinance share of residential transactions was 57% for open orders and 56% for closed orders.

Year to date through July, open orders per day were up 34% compared with last year, and closed orders were up 31%. Year to date purchase open orders per day were down 5% compared with last year, while refinance open orders were up 132% compared with last year. The refinance share of residential transactions year to date 2020 was 59% for open orders, compared with 37% in 2019.

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.