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 – January 2020

January total open orders and open orders per day were up 35% compared with December (with 21 business days in both periods), and both were up 35% compared with January of last year (with 21 business days in both periods). January purchase open orders were 1,800 per day, up 31% compared with last month, and refinance transactions were up 45% to 1,800 open orders per day. Compared with January 2019, purchase open orders per day were up 6%, while refinance transactions per day were up 96%. Total closed orders per day were 2,900 in January, down 20% on a sequential basis, and up 41% compared with January 2019. In January, the refinance share of residential transactions was 50% for open orders and 51% for closed orders.

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.