Question-and-Answer Session
Operator
Thank you. (Operator Instructions)
Our first question comes from the line of Dave Koning with Baird. Please go ahead.
Dave Koning - Baird
Yeah. Hi, guys. Nice quarter.
Lee Kennedy
Thank you.
Dave Koning - Baird
I guess, first of all, when we look at the lender business and we think about defaults accelerating during Q3, did it continue to accelerate into September and October? And then, I guess on a similar note, when we kind of look at the purchase in refi sensitive businesses how did trends in terms of accelerating and decelerating trends kind of work through Q3 and into the early parts of Q4?
Lee Kennedy
It continues to accelerate on the default side, and we've only seen really some of the early stages of what's likely to happen. So that business is going to exhibit really strong growth characteristic, I think, well in beyond next year. So we're in very, very good shape there.
Jeff Carbiener
Yeah. Just if you look at the amount of volume that are flowing into our foreclosure and bankruptcy referral services, which are really the front-end, it's really the start of the foreclosure process, we saw volumes increasing 60, I think it was 63% in Q3. Now it's consistent throughout the quarter.
Lee Kennedy
Yeah. I think one upside and one plus in addition to what Jeff just covered is we have a very, very full pipeline of large institutions that traditionally have operated their default programs in-house. And as they are experiencing increasing volumes, they've started to talk to us about handling some of the overflow and some of the business that they normally would do within their own institution. So that business is really a very, very good business for us, and it's going to continue to be so well into the future.
Dave Koning - Baird
Great. And then, I guess just on the purchase and refi sensitive business, did those experienced decelerating growth through Q3 and into Q4 so far?
Jeff Carbiener
The origination sensitive businesses that I mentioned such as the title and closing services and property exchange, in fact, yes, they did show decreases in volumes during the quarter. The decreases in volumes in no way match the market decline on it. So, some of the reasons we talked about the fact that we have the relationships with the big banks that are still making the loans. So when activity is occurring, we're seeing the advantages of that. But, yes, we did see a decline, but nowhere near?
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