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 – May 2017

May total open orders were up 17% compared with April (with 22 business days in May compared with 20 days in April), and were down 4% compared with May of last year (with 22 business days this May compared with 21 business day in May 2016). Open orders per day in May were 4,900, up 6% sequentially, and were down 8% compared with last year. May purchase open orders were 2,400 per day, up 4% compared with last month, with refinance transactions up 2% to 1,300 per day. Compared with May 2016, purchase open orders per day were up 5%, while refinance transactions per day were down 36%. Total closed orders per day were 3,300 in May, up 4% sequentially, but down 14% compared with May 2016. In May, the refinance share of residential transactions was 35% for both open and closed orders.

Second quarter to date (through May), open orders per day were 4,700, up 13% compared with the first quarter of 2017, and closed orders per day were 3,300, up 6%. Second quarter to date, purchase open orders per day were up 18% compared with the first quarter of 2017, while refinance open orders were up 4%.

Year to date through May, open orders per day were down 13% compared with last year, and closed orders were down 6%. Year to date purchase open orders were up 1% compared with last year, while refinance open orders were down 37%. The refinance share of residential transactions year to date was 37% 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.