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 – November 2019

November total open orders were down 24% compared with October (with 19 business days in November compared with 23 business days in October) and were up 16% compared with November of last year (with 19 business days this year vs. 20 business days in November of last year). Open orders per day in November were 4,100, down 8% sequentially, and up 22% compared with last year. November purchase open orders were 1,700 per day, down 5% compared with last month, and refinance transactions were down 3% to 1,600 open orders per day. Compared with November 2018, purchase open orders per day were flat, while refinance transactions per day were up 106%. Total closed orders per day were 3,400 in November, down 5% on a sequential basis, and up 23% compared with November 2018. In November, the refinance share of residential transactions was 48% for open orders and 47% for closed orders.

November year to date 2019, open orders per day were 4,400, up 11% compared with November YTD 2018. Closed orders per day were 3,100, up 7% compared with November YTD 2018. Year to date purchase open orders per day were down 2% compared with last year, and year to date refinance open orders were up 50% compared with last year. The refinance share of residential transactions for 2019 year to date was 42% for open orders, compared with 32% for year to date 2018.

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.