Skip to main content

Flagstar and Detroit FinTech Bay Seeking MortgageTech Startups

NationalMortgageProfessional.com
Mar 02, 2020
Photo credit: Getty Images/NicoElNino

Flagstar Bank and Detroit FinTech Bay have announced that they are now accepting applications for the Flagstar MortgageTech Accelerator Program now through March 12. Qualifying applicants will be selected by March 20.
The program focuses exclusively on incubating tech startups developing innovative solutions for the mortgage sector.
 
Flagstar Bank and Detroit FinTech Bay have announced that they are now accepting applications for the Flagstar MortgageTech Accelerator ProgramBenefits of the program include access to experienced Flagstar mentors, custom roadmap design for product acceleration and development, real product-testing opportunities, as well as access to workspace and a wide network of potential customers. Qualifying applicants may also receive seed-capital funding, access to investors, and a one-month residency at Silicon FinTech Bay to meet Silicon Valley institutions and venture-capital firms.
 
“We see this as a great way for Flagstar to better partner with fintechs—especially mortgage fintechs—and innovate not just by seeing what others are doing, but helping them do it,” said Jennifer Charters, chief information officer at Flagstar Bank. “Getting an early view of the newest technology and helping it take root in the industry is a win all around.” 
 
Since the launch of the accelerator in September 2019, Home Captain, Brace, and boost.ai have completed the program.
 
“There’s a huge opportunity for financial services to work with startups to build up a center of excellence in Detroit, and Flagstar has been a tremendous force in shaping the city’s fintech ecosystem through our partnership and this accelerator program,” said Maissan Almaskati, chief executive officer of the FinTech Consortium in the United States.
 
The program is open to startups across the United States and takes place at the Detroit FinTech Bay innovation hub.


 
Published
Mar 02, 2020
More from
Tech
Build A Better Tech Stack

Re-Inventing The Mortgage Lending Business

Tech
Oct 26, 2021
Fintech Mortgage Lender Button Finance Raises $2M Seed Round

Button Finance Inc. a fintech mortgage lender focused on home equity, closed a $2 million seed raise.

Tech
Oct 25, 2021
Total Expert Introduces New Functionalities And Products For Banks And Lenders

Total Expert upgraded its CRM and customer engagement platform with a series of new functionalities and products.

Tech
Oct 22, 2021
Blend Launches New Income Verification Product

Blend Income Verification is a new product for financial services firms that provides instant income verification for mortgages and soon, consumer loans and deposit account opening.

Tech
Oct 21, 2021
ICE Mortgage Announces 0 Percent Loans For HFA Borrowers

ICE Mortgage Technology's latest Encompass update, Encompass 21.3 supports the ability for lenders to offer 0% loans.

Tech
Oct 20, 2021
FormFree Taps Amazon Web Services For Consumer Financial Identity Solutions

FormFree will use Amazon's blockchain technology to manage its latest consumer Financial DNA solution and its newly introduced FormFree Exchange.

Tech
Oct 19, 2021