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 – August 2020

August total open orders were down 5% compared with July (with 21 business days in August compared with 22 business days in July) and were up 20% compared with August of last year (with 21 business days in August this year compared with 22 business in 2019).  Open orders per day in August were 6,500, down 1% sequentially, and up 25% compared with last year. August purchase open orders were 2,500 per day, up 3% compared with last month, and refinance transactions were up 2% to 3,200 open orders per day. Compared with August 2019, purchase open orders per day were up 21%, while refinance transactions per day were up 46%. Total closed orders per day were 4,500 in August, up 1% on a sequential basis, and up 32% compared with August 2019. In August, the refinance share of residential transactions was 57% for open orders and 57% for closed orders.

Year to date through August, open orders per day were up 33% compared with last year, and closed orders were up 31%. Year to date purchase open orders per day were down 1% compared with last year, while refinance open orders were up 114% compared with last year. The refinance share of residential transactions year to date 2020 was 59% for open orders, compared with 40% 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.