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 2019

January total open orders were up 28% compared with December (with 21 business days in January compared with 20 business days in December) and were down 11% compared with December of last year (with the same 21 business days in both periods). Open orders per day in January were 3,400, up 22% sequentially, while declining 11% compared with last year. January purchase open orders were 1,700 per day, up 26% compared with last month, and refinance transactions were up 30% to 900 open orders per day. Compared with January 2018, purchase open orders per day were down 4%, while refinance transactions per day were down 24%. Total closed orders per day were 2,100 in January, down 29% on a sequential basis, and down 21% compared with January 2018. In January, the refinance share of residential transactions was 35% for open orders and 35% 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.