Flagstar Bank and Detroit FinTech Bay have announced the first startups to participate in the Flagstar Mortgage Tech Accelerator Program. The three companies are Brace, which focuses on servicing non-performing loans; boost.ai, which develops A1-based chatbots for the banking sector; and Home Captain, a real estate SAAS technology company that acts as a conversion optimization system.
The Flagstar Mortgage Tech Accelerator Program has been jointly designed by Flagstar Bank and The FinTech Consortium, a global fintech ecosystem builder. Detroit FinTech Bay is FinTech Consortium's dedicated hub in Detroit. The program focuses on startups active in developing innovative technology solutions for the mortgage industry. It is the first and only accelerator program in the United States exclusively dedicated to mortgage technology.
Maissan Almaskati, chief executive officer of the FinTech Consortium in the United States, said: “We’re thrilled to be working alongside Flagstar and these three exciting, high-quality fintech startups. We’ve curated an acceleration roadmap for each of them, and look forward to facilitating and supporting their growth during this important phase. Their participation in the Flagstar Mortgage Tech Accelerator is an opportunity to uniquely contribute to the inevitable end-to-end digitization of the mortgage process.”