Mortgage Peer Network announced today that it has been selected as one of ten companies to participate in the VC FinTech Accelerator Program, powered by FIS, for emerging financial technology companies. The program was established to enable high-growth entrepreneurs achieve scale through focused, targeted mentorship, training and investment. This prestigious program received applications from companies all over the world. The ten participating companies are a mixture of U.S-based and international companies. From the U.S., they hail from North Little Rock, New York City, Chicago, Atlanta, St. Louis, Los Angeles, San Francisco, and Charleston. The international companies have members from Geneva, Switzerland; Senegal, West Africa; and Lagos, Nigeria.
Mortgage Peer Network has developed a platform that helps mortgage lenders generate new borrower leads by leveraging changes in the lending environment that have been created through the prevalence of social media, changing consumer buying habits and complex regulatory changes introduced by the Consumer Finance Protection Bureau. “This is an incredible opportunity for MPN. We are humbled to be working with some of the brightest minds in the financial technology industry,” says Greg Ellis, Founding Partner of MPN. Ellis adds, “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. The resources provided to the program participants are simply out of touch for most emerging companies.”
“MPN made our short list early in the selection process due to Greg’s depth of knowledge and expertise in this industry,” says Gary Dowdy, Managing Director of the VC FinTech Accelerator. “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.”