Title Order Counts

First American Title's 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. The chart does not include orders opened or closed with First American agents. Updated postings will be made approximately 10-12 days after month-end and will include opened, as well as closed title order transactions.

Monthly Overview – January 2018

January total open orders were up 23% compared with December (with 21 business days in January vs. 20 business days in December), and were up 4% compared with January of last year (with 21 business days this year compared with 20 business days last January). Open orders per day in January were 3,800, up 17% sequentially, and down 1% compared with last year. January purchase open orders were 1,800 per day, up 27% compared with last month, with refinance transactions up 11% to 1,200 per day. Compared with January 2017, purchase open orders per day were up 3%, while refinance transactions per day were up 1%. Total closed orders per day were 2,600 in January, down 22% sequentially, and down 17% compared with January 2017. In January, the refinance share of residential transactions was 40% for open orders and 43% for closed orders.

For the first quarter through January, open orders per day were 3,800, up 1% compared with the fourth quarter of 2017, and closed orders per day were 2,600, down 21%. First quarter (through January) purchase open orders per day were up 6% compared with the fourth quarter of 2017, but down 10% compared with the first quarter of 2017. Refinance open orders for the first quarter (through January) were down 2% compared with the fourth quarter of 2017, and down 2% compared to the first quarter of last year.

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.