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 – May 2020

May total open orders were up 1% compared with April (with 20 business days in May compared with 22 business days in April) and were up 13% compared with May of last year (with 20 business days in May this year compared with 22 business days in May last year). Open orders per day in May were 5,500, up 11% sequentially, and up 25% compared with last year. May purchase open orders were 2,000 per day, up 44% compared with last month, and refinance transactions were down 5% to 2,800 open orders per day. Compared with May 2019, purchase open orders per day were down 10%, while refinance transactions per day were up 122%. Total closed orders per day were 3,900 in May, up 8% on a sequential basis, and up 26% compared with May 2019. In May, the refinance share of residential transactions was 58% for open orders and 65% for closed orders.

May year to date 2020, open orders per day were 5,500, up 37% compared with May YTD 2019. Closed orders per day were 3,500, up 29% compared with May YTD 2019. Year to date purchase open orders per day were down 9% compared with last year, and year to date refinance open orders were up 158% compared with last year. The refinance share of residential transactions for 2020 year to date was 61% for open orders, compared with 35% for YTD 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.