The Flagstar MortgageTech 

Accelerator Program

in Partnership with

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About the Program

The Flagstar MortgageTech Accelerator Program is focused on FinTech companies innovating in the mortgage industry (mortgage tech).

 

The program is open to startup applicants from across the United States and will take place at Detroit FinTech Bay, for a duration of three months. Remote/online participation will be considered on a case-by-case basis.
Application intake opens on February 12 and closes on March 12. Qualifying applicants will be announced by March 20.
Startup applicants developing solutions which touch the following areas of the mortgage sector are strongly encouraged to apply:​

Accelerator Mission

The Flagstar MortgageTech Accelerator Program delivers strategic guidance to late stage mortgage technology startups to accelerate product market readiness through one-on-one access to top industry veterans and unique product testing opportunities for the purposes of evaluating the viability of future investment and/or partnership.

The objectives of the Flagstar MortgageTech Accelerator Program is to partner with late stage startups in four ways:

1

Provide mentorship to help develop and fine tune the product functionality, value proposition, business plan and governance

2

Offer access to unique product testing opportunities within a large and established customer base

3

Screening and review by key Flagstar executives and decision-makers for potential investment or partnership opportunities upon successful completion of the program

4

Drive innovation thinking and new ways of solving problems and creating business opportunities through technology at Flagstar

Important Dates

12th February

12th March

25th March

20th March

24th June

14th May

Application process opens

Application process

closes

Program start 

Startup candidates

selected

Program completion/

graduation

Mid-program

meetup

Curriculum

A bespoke acceleration roadmap will be designed for each startup, based on where they are in their product development and stage of growth. This will include:

  • Product Development & Testing

  • Business Planning 

  • Business Development & Customer Acquisition 

  • Operational Scaling 

  • Management & Governance 

  • Attracting Investments 

Benefits to Participants

Access to mentors with deep industry and technical experience 

Bespoke program design based on current and immediate needs

Ability to test product/solution in a real-world controlled environment 

Access to workspace during the program

Access to capital for qualifying startups who complete the program

Access to a wide network of potential customers and investors

Program graduates may also be offered a one-month residency at Silicon FinTech Bay to meet Silicon Valley institutions and investors

Program Team

Selection Criteria

  • A MortgageTech product/solution that is at minimum at the developed prototype or early proof of concept

  • Innovative technology with a clear product development and execution roadmap

  • Robust business plan and pitch deck

  • Strong founder(s) and management team with a balance of technical and business experience

  • Ability to relocate to Detroit, Michigan for the duration of the program. Remote/online participation will be considered on a case-by-case basis. Some selective travel to Detroit may be required. 

Mentors

Previous Cohort 2019

 

The platform enables mortgage servicers to react promptly to a delinquency event and quickly determine the best available outcome for everyone involved

Boost.ai is a Scandinavian software company that specializes in conversational artificial intelligence

Boost your customer experience with an artificially intelligent virtual agent  

Through revolutionary patent-pending system, the platform pairs you with a pre-screened real estate agent in your area and its Real Estate Concierge will help you throughout the process

Application

To apply for the program, please fill in the Application form below.

Email us at info@detroitfintechbay.com for any inquiries. 

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440 Burroughs Street

3rd Floor, Suite 390

Detroit, Michigan 48202

USA 

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