Mortgage Peer Network Selected for FIS Accelerator Program

Little Rock, Ark.-based startup Mortgage Peer Network was chosen as one of 10 companies to participate in FIS' VC FinTech Accelerator Program.

The program, geared toward emerging financial technology companies, is designed to provide startups with mentorship, training and investment. The other nine companies hail from around the U.S. and overseas. The program was first announced last December by FIS and the Venture Center.

Mortgage Peer Network said it will use the accelerator's capital investment to fuel its company launch. The company had created a platform that is meant to assist lenders in generating new borrower leads. To do this, the platform utilizes information it collects on the lending environment based on social media, changing consumer buying habits and increased regulation.

"Working with the Venture Center will enable us to bring MPN to market much faster and with a better footing than we would have been able to otherwise," MPN founding partner Greg Ellis said in a news release Thursday.

MPN's selection was in part based on organizers' interest in the goals of the platform.

"The core premise of MPN around peer benchmarking and real-time consumer feedback for lenders is the right tool for improving and growing their business in an increasingly competitive marketplace," VC FinTech Accelerator managing director Gary Dowdy said in the release.

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