Flagstar Bank and the Fintech Consortium have opened new purposes for an incubation program designed to present mortgage startups a “distinctive alternative” to validate their expertise and speed up their development.
First launched in September 2019, the Flagstar MortgageTech Accelerator Program incubates mortgage fintech startups working to enhance varied factors within the mortgage value chain.
This system is totally accessible on-line and offers entry to consultations with skilled Flagstar mentors, a roadmap design for product acceleration improvement, actual product-testing alternatives, and entry to an enormous community of potential prospects.
Qualifying candidates may additionally obtain seed capital funding, entry to buyers, and growth alternatives by means of the FinTech Consortium’s world community.
“This second version of the Flagstar MortgageTech Accelerator Program demonstrates how monetary establishments and startups can efficiently innovate collectively. Flagstar’s management and area experience in mortgage finance present a novel alternative to startups looking for to validate their expertise and speed up their development,” mentioned Maissan Almaskati, CEO of the FinTech Consortium in america.
Residence Captain, Brace, and enhance.ai have been among the startups that accomplished this system final yr.
“Gaining access to mentorship, transparency, course of orientation and problem-solving between the 2 organizations has benefited us drastically,” mentioned Grant Moon, CEO of Residence Captain. “We have now diminished our common go-to-market by 50% by means of the engagement and management group efforts at Flagstar Bank.”
The final day to join this system is Sept. 30. Flagstar will choose qualifying candidates by Oct. 12 and kickstart this system on Oct. 19, with stay classes to be scheduled within the Jap time zone.