Mortgage Clearing Corporation
How we got $21.7M
Based on its 49 employees and its payroll, both reported for PPP in 2020 and brought up to date.
What we know
Signs of a sale Unlikely to sell soon
- In business 28 years (since 1998)
- Family in the business (Chris Jones, Vice-President)
From public records and the company's website, not a statement that it's for sale.
What they do
Mortgage Clearing Corporation is a Tulsa, Oklahoma mortgage company offering loan servicing through its MCC Online Customer Portal and home purchase and refinance loans. Refinance and new home purchase loans are only available in the state of Oklahoma at this time.
From the company's website. Industry: Mortgage and Nonmortgage Loan Brokers.
Estimated value over time
▲ 3% since 2020Today's estimate scaled by the headcount reported each year and that year's prices. A trend, not a record of past sale values.
Compared with similar businesses nearby
| Business | Est. revenue | Distance |
|---|---|---|
| MORTGAGE CLEARING CORPORATION this business | $11.2M | — |
| MERCHANT SERVICES OF OKLAHOMA, INC Tulsa · 8 employees | $3.3M | 0.4 mi |
| MILEY ENTERPRISES LLC Tulsa · 2 employees | $1.7M | 0.9 mi |
| SHEIKH INC Tulsa · 14 employees | $2.9M | 1.0 mi |
| ZFG MORTGAGE, LLC Tulsa · 9 employees | $1.9M | 1.0 mi |
| ADAMS MORTGAGE INVESTMENTS LLC Tulsa · 1 employees | $353K | 1.6 mi |
| ASSOCIATED MORTGAGE CORPORATION Tulsa · 122 employees | $55.6M | 2.6 mi |
The full calculation
| Employees reported to the SBA | 49 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $13.6M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $7.1M |
| Estimate: the two combined (geometric mean) | $11.2M |
| EBITDA margin (industry, adjusted for size) | 35% |
| EBITDA = revenue × margin | $4.0M |
Figures are shown toward the upper part of their range rather than at its middle.
Brought up to date assuming revenue has grown 8% a year since 2020, when the PPP figures were reported; included above.
| Estimated value = EBITDA × typical sale multiple | $21.7M |
| Multiple for this size and industry | 5.5× |
| Value range | $11.4M – $29.7M |
| Revenue range | $7.4M – $12.8M |
| EBITDA range | $2.6M – $4.5M |
| Industry (NAICS) | Mortgage and Nonmortgage Loan Brokers (522310) |
EBITDA margin: from IRS tax returns of S corporations in this industry (2019–2022), adjusted for company size: smaller companies typically run higher margins. EBITDA here is after owners' salaries.
Benchmarks: US Economic Census 2022. PPP loans were sized on 2019–2020 payroll, so figures reflect that period. These are statistical estimates, not reported financials. Full methodology
People & advisors
Leadership
- BOBen OvertonAVP, Lead Underwriter · Company website · source
- FCFaith CrenshawSecretary Treasurer · Company website · source
- JNJohn NoltePurchasing Manager · Company website · source
- CJChris JonesVice-President · Company website · source
- BWBarbara WilsonLoan Production Manager · Company website · source
- MMMary MilesLoss Mitigation · Company website · source
Advisors
- BankingTriad Bank, National AssociationPPP / SBA lender
From the company's own website and public filings (DOL Form 5500, IRS Form 990, SBA). Roles are as stated there and may be out of date.
Banking relationships
| Triad Bank, National Association PPP 2020 | All 138 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/6/2020 | first | $371K | 49 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Mortgage Clearing Corporation
Mortgage Clearing Corporation is a mortgage and nonmortgage loan brokers company in Tulsa, Oklahoma, in business since 1998. It is owned by Jarry M. Jones (President). Its estimated annual revenue is about $11.2M, with roughly $4.0M of EBITDA. It has about 49 employees. Its estimated business value is $21.7M (likely range $11.4M–$29.7M).
Common questions
- Who owns Mortgage Clearing Corporation?
- Mortgage Clearing Corporation is owned by Jarry M. Jones (President), according to public sources such as the company's website or filings.
- How much revenue does Mortgage Clearing Corporation make?
- SeeBITDA estimates Mortgage Clearing Corporation's annual revenue at about $11.2M (likely between $7.4M and $12.8M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Mortgage Clearing Corporation worth?
- About $21.7M, roughly 5.5× its estimated EBITDA of $4.0M, typical for a mortgage and nonmortgage loan brokers company its size. Likely range: $11.4M–$29.7M.
- How many employees does Mortgage Clearing Corporation have?
- About 49, as reported on its PPP loan.
- When was Mortgage Clearing Corporation founded?
- Mortgage Clearing Corporation has been in business since 1998.