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 – December 2020

December total open orders were up 4% compared with November (with 22 business days in December compared with 19 business days in November) and were up 64% compared with December of last year (with 22 business days this year vs. 21 business days in December of last year).  Open orders per day in December were 5,300, down 10% sequentially, and up 57% compared with last year. December purchase open orders were 1,700 per day, down 16% compared with last month, and refinance transactions were down 8% to 2,800 open orders per day. Compared with December 2019, purchase open orders per day were up 22%, while refinance transactions per day were up 124%. Total closed orders per day were 4,800 in December, up 1% on a sequential basis, and up 32% compared with December 2019. In December, the refinance share of residential transactions was 63% for open orders and 58% for closed orders.

For the fourth quarter of 2020, open orders per day were 5,600, down 12% compared with the third quarter of 2020, and closed orders per day were 4,700, up 3%. Fourth quarter purchase open orders per day were down 20% compared with the third quarter of 2020, and up 19% compared with the fourth quarter of 2019. Refinance open orders for the fourth quarter were down 7% compared with the third quarter of 2020, and up 97% compared to the fourth quarter of last year.

For the full year 2020, open orders per day were 5,800, up 34% compared with full year 2019. Closed orders per day were 4,100, up 31% compared with full year 2019. Full year 2020 purchase open orders per day were up 4% compared with last year, and full year 2020 refinance open orders were up 103% compared with last year. The refinance share of residential transactions for 2020 was 59% for open orders, compared with 43% for 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.