Flagstar Bank, a subsidiary of New York Community Bancorp, is now accepting applications for its fourth MortgageTech Accelerator program.
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, Flagstar says.
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.
“Flagstar’s MortgageTech Accelerator is about helping fintechs in order to give Flagstar mortgage customers a better experience throughout the mortgage lifecycle,” says 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.”
The accelerator program is delivered remotely and is open to any startup applicant who can participate in sessions that will be scheduled in the U.S.
All applications are due March 24; refer to flagstar.com/accelerator for details.
