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Mortgage Clearing Corporation

TULSA, OK

Mortgage Clearing Corporation processed 778 mortgage applications in 2024 per HMDA data reported to the Consumer Financial Protection Bureau (CFPB), originating 26 loans with a 1.3% denial rate. Home Purchase was the primary loan purpose. Based in TULSA, OK. The approval rate of 3.3% reflects originated loans as a share of all applications.

Why approval and denial rates diverge. Approval (origination) rate and denial rate do not sum to 100% - HMDA records several outcomes beyond approved-and-funded, including files that were approved but not accepted by the applicant, withdrawn, or closed for incompleteness. Mortgage Clearing Corporation's 3.3% origination rate tells you how often an application turned into funded money; the 1.3% denial rate is a separate read on underwriting strictness. The most frequently cited denial reasons in this file were Debt-to-income ratio, Other, Credit history, which together explain the majority of rejections. Most activity concentrated in Conventional loans (700 applications).

How to read this page. These figures are aggregate HMDA disclosures, they describe this lender's overall 2024 book, not your individual odds. Approval and denial rates are shaped by the applicant mix a lender actually receives: credit profile, loan-to-value, debt-to-income, property type, and geography. A lower denial rate at one lender versus another does not necessarily mean easier underwriting, it often reflects borrower self-selection and loan-product specialization. This page is informational data reporting, not financial, legal, or mortgage advice. Compare multiple lenders, read your Loan Estimate carefully, and consult a licensed mortgage professional before applying. Data reflects 2024 disclosures published by the CFPB in 2025.

778
Applications
26
Originated
1.3%
Denial Rate
$305,668
Avg Loan Amount
Avg Interest Rate: 6.514% Avg Applicant Income: $20,000

Lending Activity

Type Applications Originated Denied Avg Loan
Conventional 700 25 9 $312,457
FHA 62 0 1 $228,548
VA 15 1 0 $312,333
USDA 1 0 0 $235,000

Top loan types - Mortgage Clearing Corporation

Top loan types - Mortgage Clearing Corporation Horizontal bar chart of the top 4 items by value (applications). Top loan types - Mortgage Clearing Corporation Top 4 1. Conventional 700 2. FHA 62 3. VA 15 4. USDA 1 Top 5 loan types by application volume at Mortgage Clearing Corporation (HMDA 2024). Source: CFPB HMDA loan/application register.

Source: CFPB Home Mortgage Disclosure Act (HMDA) loan/application register HMDA 2024 LAR, application-level mortgage data for Mortgage Clearing Corporation (LEI: 25490021P4C9ZH17EO78) · 2024 HMDA reports filed annually; covers applications received during the calendar year. Approval rates exclude withdrawn / incomplete applications. Denial reasons are lender-reported.

Denial Analysis

Debt-to-income ratio
6
Other
2
Credit history
1
Collateral
1

Loan Purpose Breakdown

Purpose Applications Originated Avg Loan
Home Purchase 616 12 $309,675
Refinancing 88 4 $354,091
Cash-out Refinancing 64 10 $207,500
Other 9 0 $261,667
Home Improvement 1 0 $255,000

Geographic Coverage — Lending by Race

Derived race categories as reported under HMDA. Source: CFPB.

Race Applications Approval Rate Denial Rate
White * 39 46.1% 20.5%
Joint * 5 60.0% 0.0%
American Indian or Alaska Native * 3 66.7% 0.0%
Black or African American * 3 33.3% 33.3%

* Fewer than 50 applications -- percentages for this group have wide statistical uncertainty and should not be read as precise.

Lending by Ethnicity

Hispanic/Latino is an ethnicity, not a race. Shown separately per U.S. Census Bureau standards.

Ethnicity Applications Approval Rate Denial Rate
Not Hispanic or Latino * 47 53.2% 12.8%
Hispanic or Latino * 1 0.0% 100.0%

* Fewer than 50 applications -- percentages for this group have wide statistical uncertainty and should not be read as precise.

Nearby Lenders in OK

Other HMDA-reporting lenders in OK with similar activity. Compare any two side-by-side.

Arvest Bank

TULSA, OK

20,066 apps 12,946 originated 16.2% denied

MidFirst Bank

Oklahoma City, OK

14,527 apps 1,920 originated 2.8% denied

Gateway First Bank

JENKS, OK

13,103 apps 8,366 originated 4.3% denied

Finance of America Reverse LLC

TULSA, OK

12,910 apps 8,638 originated 8.3% denied

Bokf NA

TULSA, OK

11,220 apps 5,852 originated 27.4% denied
Compare Mortgage Clearing Corporation vs Arvest Bank →

Mortgage Lending Guides

Frequently Asked Questions

How many mortgage applications did Mortgage Clearing Corporation process?
Mortgage Clearing Corporation processed 778 mortgage applications in the 2024 HMDA reporting year. Of these, 26 were originated (approved and funded), 10 were withdrawn by the applicant, and 10 were denied.
What is Mortgage Clearing Corporation's mortgage approval rate?
Mortgage Clearing Corporation has an approval (origination) rate of 3.3%, meaning 3.3% of all applications resulted in a funded mortgage. The denial rate is 1.3%.
What is the average loan amount at Mortgage Clearing Corporation?
The average mortgage loan amount at Mortgage Clearing Corporation is $305,668. The average interest rate is 6.514%. The average applicant income is $20,000.
What are the most common reasons for mortgage denial at Mortgage Clearing Corporation?
The most common reasons for mortgage denial at Mortgage Clearing Corporation are: Debt-to-income ratio, Other, Credit history. In total, 10 applications were denied out of 778 total applications.
What types of mortgage loans does Mortgage Clearing Corporation offer?
Mortgage Clearing Corporation processes Conventional, FHA, VA, USDA loans. The most common type is Conventional with 700 applications and an average loan amount of $312,457.
What loan purposes does Mortgage Clearing Corporation serve?
Mortgage Clearing Corporation serves the following loan purposes: Home Purchase (616 applications), Refinancing (88 applications), Cash-out Refinancing (64 applications), Other (9 applications), Home Improvement (1 applications). Home Purchase is the most common purpose.
Where is Mortgage Clearing Corporation located?
Mortgage Clearing Corporation is headquartered in TULSA, OK. The lender is identified by LEI 25490021P4C9ZH17EO78 in HMDA data.
How does Mortgage Clearing Corporation compare in lending across racial demographics?
Mortgage Clearing Corporation reports demographic lending data under HMDA requirements. White applicants have an approval rate of 46.1% and denial rate of 20.5%; Joint applicants have an approval rate of 60.0% and denial rate of 0.0%; American Indian or Alaska Native applicants have an approval rate of 66.7% and denial rate of 0.0%. This data reflects derived race categories as reported by applicants.

Data Sources

Data as of 2024. Source: Consumer Financial Protection Bureau (CFPB), Home Mortgage Disclosure Act (HMDA) 2024 Snapshot.

Data from FFIEC / CFPB HMDA 2024 Snapshot National Loan-Level Dataset. Demographic data reflects derived categories as reported by applicants. Denial rates include all application outcomes. This data is provided for informational purposes only.

Read our methodology - how this data is sourced, computed, and verified.

Every figure on PlainLender is rendered directly from CFPB HMDA federal source data, no number is typed in by an editor. This page draws directly on CFPB HMDA federal source data, no figure is typed in by an editor. See our editorial standards & corrections policy, the methodology behind these numbers, or report a data error.