Each month Zelman and Assoc. conducts a Title Agent Survey that asks a variety of questions concerning month over month deal flow!
This deal flow covers new commercial and residential orders that entered the pipeline, commercial and residential closings conducted as well as answers to specific and timely questions concerning issues specific to the closing process (this month the questions concerns TRID).
As Hallmark Abstract Service is one of the firms that has been asked by Zelman and Associates to participate, it is my pleasure to share the results here...
December 2015 Zelman Title Agent Survey Preliminary Results
- Residential Purchase Orders: Agent Closed Orders Increase 11% in December, Outperforming First American After Lagging in November
o Agent closed purchase orders increased 11% year over year in December versus a 6% increase for First American, the only publicly-traded title insurer that discloses intra-quarter monthly order flow.
o Agent opened orders increased 10% year over year versus a 7% decline for First American.
- Residential Refinance Orders: Agent Closings Decrease 18% Year Over Year
o Year-over-year refinance performance
§ Agent closed orders decreased 18% year over year in December versus a 6% decline for First American.
§ Agent opened orders increased 26% year over year versus flat performance for First American.
o Sequential refinance performance
§ Agent closed orders increased 39% sequentially versus a 25% increase for First American.
§ Agent opened orders increased 14% sequentially versus a 9% increase for First American.
Read the rest of the article at LinkedIn here.