Santa Ana-based First American Corp. reported higher third-quarter revenue and profits Wednesday as mortgages continue to drive the title insurer.
Revenue was up 26% from a year earlier to $2.2 billion. Net income was up 39% to $149 million.
The gains were driven by “by strong mortgage origination volume, particularly from purchase activity, as well as our ongoing commitment to maximize operating efficiencies, reduce costs and improve market share,” said Parker Kennedy, First American’s chief executive.
For more on First American, see the Oct. 24 edition of the Business Journal.
