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 – February 2021

February total open orders were down 1% compared with January (with the same 19 business days in both periods) and were up 5% compared with February of last year (with the same 19 business days in both periods). Open orders per day in February were 6,200, down 1% sequentially, and up 5% compared with last year. February purchase open orders were 2,300 per day, up 6% compared with last month, and refinance transactions were down 11% to 2,800 open orders per day. Compared with February 2020, purchase open orders per day were down 1%, however, excluding the impact of January 2020 orders from an acquisition that month which were incorrectly included in the February 2020 purchase order counts, February 2021 purchase open orders per day were up 3% compared to last year. Refinance transactions per day were up 6%. Total closed orders per day were 4,900 in February, up 10% on a sequential basis, and up 45% compared with February 2020. In February, the refinance share of residential transactions was 56% for open orders and 64% for closed orders.

2021 year to date through February, open orders per day were up 20% compared with last year, and closed orders were up 49%. Year to date purchase open orders per day were up 7% compared with last year, while refinance open orders were up 35% compared with last year. The refinance share of residential transactions year to date was 58% for open orders, compared with 52% in 2020.



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.