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 – September 2021

September total open orders were down 9% compared with August (with 21 business days in September with 22 business days in August) and were down 21% compared with September of last year (with 21 business days in both periods). Open orders per day in September were 4,800, down 5% on a sequential basis, and down 21% compared with last year. September purchase open orders were 2,100 per day, down 4% compared with last month, and refinance transactions were down 6% to 1,700 open orders per day. Compared with September 2020, purchase open orders per day were down 10%, while refinance transactions per day were down 43%. Total closed orders per day were 3,900 in September, up 1% on a sequential basis, and down 15% compared with September 2020. In September, the refinance share of residential transactions was 45% for open orders and 45% for closed orders.

For the third quarter of 2021, open orders per day were 5,000 down 3% compared with the second quarter of 2021, and down 22% compared with the third quarter of 2020. Closed orders per day were 3,900, down 7% compared with the second quarter of 2021 and down 13% compared with the third quarter of 2020. Third quarter purchase open orders per day were down 9% compared with last year, while refinance open orders were down 44% compared with last year. The refinance share of residential transactions for the third quarter 2021 was 45% for open orders, compared with 57% in 2020.

Year to date through September, open orders per day were down 9% compared with last year, and closed orders were up 9%. Year to date purchase open orders per day were up 9% compared with last year, while refinance open orders were down 31% compared with last year. The refinance share of residential transactions year to date 2021 was 47% for open orders, compared with 59% in 2020.


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.