In terms of home financing, Mortgage Clearing Corp (commonly known as MCC) is a mortgage servicing and origination firm that focuses on reliability and customer-oriented solutions, being transparent. So, with the control of loan payments to convenient and nice servicing solutions, Mortgage Clearing Corp can take a significant part in making you own a home and feel financially secured.
What is Mortgage Clearing Corp and What Do They Do?
Company Overview
Mortgage Clearing Corp is a privately owned full service mortgage originator and servicer that is based in Tulsa, Oklahoma.
Points about the company:
Decades of experience in the mortgage industry, formed in 1957.
Offers mortgage services: taking payments, servicing escrows, customer service.
Origin of offers on new home purchase and refinance loans (in Oklahoma, according to their website).
The Better Business Bureau has rated the company as A+ that highlights a long-term reputation.
Reasons To use Mortgage Clearing Corp?
The following are some of their distinguishing characteristics:
Customer-First Focus: They focus on establishing trust and personal relationships with homeowners and do not see themselves as a status quo, being a faceless mortgage servicer.
Modern Technology & Self-Service Portal: It has an online customer portal where its borrowers can use it to pay once, create auto-payment, update their account details, and access payment history.
Effective Servicing Infrastructure: They have embraced new loan-servicing systems (through a contract with Black Knight, Inc.) to provide superior digital experience and risk management.
Openness and Responsiveness: They ensure that they have transparency when it comes to matters like insurance claims checks and rights of borrowers.
Mortgage Clearing Corp provides the following services
Mortgage Origination (Home Purchase and Refinance)
To borrowers in a covered state (currently mainly Oklahoma) Mortgage Clearing Corp is providing:
Home purchase loans.
Refinancing to work out better terms, interest rate or type of payment.
This service assists you to move to a house or to fit your mortgage to suit your needs.
Mortgage Services and Loan Services
After you have a mortgage, MCC will take care of:
- Processing: Principal, interest and escrow.
- Escrow account management: property tax, house insurance.
- Customer care: responding to questions, making statements.
- Electronic application: payment and account management, document access.
Loss Mitigation/Claims Email
In the event of such difficulties as property damage (insurance required) or payment problems, MCC will be able to offer:
The way to get money to fix your house is by having a checklist and a definite process on how to get insurance checkouts so you can have funds to fix your house.
Consideration and advice in terms of servicing in case you are in distress.
Advantages of being a Mortgage Clearing Corp employee
Simplicity & Convenience
The fact that they have an online portal implies that they require less paperwork and your loan details and payment choices can be accessed faster.
You are also able to handle payments at any time and this makes the process easier.
Established Reputation
More than 57 years in business and accredited by BBB provides the assurance of security and a sense of integrity to potential borrowers.
They also focus on ethical activities and are registered as an Equal Housing Lender.
Individualized Customer Service/Support
They not only value relationship building, but also mortgage processing.
You have a team that understands your special circumstances and not a universal one.
Digital & Modern Experience
They adopt the modernized servicing systems, which allows a more modern user experience; the borrowers will be able to track their mortgage, pay, locate documents.
Getting started with Mortgage Clearing Corp
Step-by-Step Process
- Pre-qualification / Application: Determine whether you are purchasing a house or you want to refinance. Contact Mortgage Clearing Corp or through their site.
- Send Paperwork: Income, employment, credit and property.
- Loan Processing/Approval: MCC will read through the application, underwrite.
- Closing: When it is approved, you seal the loan and start paying the mortgage with MCC.
- Manage Your Loan: You can pay, set-up auto-pay, see statements, change account information, using the MCC Online Customer Portal.
Tips for Borrowers
Use the internet portal: create notifications, check payment history, prevent late payments.
In case with financial difficulty, make a call to servicing in advance: they are helpful and demonstrate the list of things to be considered in case of insurance claims.
Get in touch with your contact details so that you can get statements and notices.
The terms and privacy policy are also read to know how your information is utilized.
FAQs
Does Mortgage Clearing Corp service loans in Oklahoma only?
They can serve in Oklahoma and new home purchase or refinance loans can be restricted to this state but their service exists in the states on the servicing of existing loans and can reach to other states based on the origin of loans.
Is MCC accepting payments through the internet?
Yes MCC Online Customer Portal provides access to one-time payments, automated payments, account updates and access to documents.
What will occur in the event that I require making an insurance claim on my dwelling?
Mortgage Clearing Corp gives you an elaborate insurance claim checklist and process, so that you can get money to fix your house. The records vary when the claim is above or below 40,000 dollars.
What is the time in business of Mortgage Clearing Corp?
Since 1957, they have been in operation and thus they have decades of experience in the mortgage servicing and origination business.
How do I get support with Mortgage Clearing Corp?
They can be contacted through their headquarters: 5612 S. Lewis Avenue, Tulsa, Oklahoma 74105 or at (918) 749-2274 or (800) 727-9043. Contact can also be done through email on their site.
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