FLAGSTAR BANK, N.A. NOW ACCEPTING APPLICATIONS FOR FOURTH MORTGAGETECH ACCELERATOR
The accelerator program focuses exclusively on incubating fintech startups engaged in developing innovative solutions for the mortgage sector. It is the first and only accelerator program in the United States solely dedicated to mortgage technology.
Applicants can be fintech companies working on breakthroughs in all facets of the mortgage business, including origination, processing, marketing, servicing, compliance, sales, underwriting, credit, and quality assessment. Criteria for selection include potential for technological innovation, prospects for growth, and CRA impact.
Benefits of the program include:
- Partnering with an established national bank with over 35 years in the mortgage business
- Customized curriculum based on current and future needs
- Access to senior executive mentors from Flagstar with deep industry experience
- Informal Q&A sessions with Fannie Mae
- Informal sessions on compliance and regulatory strategies with Orrick, a leading tech-focused law firm
- Ability to test product/solution in a real-world controlled environment
- Access to a wide network of potential customers
- Potential for investment from Flagstar on successful completion of the program
- Potential for a vendor relationship with Flagstar on successful completion of the program
"Flagstar's MortgageTech Accelerator is about helping fintechs in order to give Flagstar mortgage customers a better experience throughout the mortgage lifecycle," said Lee Smith, president of mortgage at Flagstar. "We think we have a great value proposition for innovators who join the program: Test your innovation in real-world situations; learn firsthand how a mortgage company operates in a regulated bank environment; and let us help take you to the next level."
"We got tremendous support and insight from the team at Flagstar," said
The accelerator program is delivered remotely and is open to any startup applicant who can participate in sessions that will be scheduled in the
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