Flagstar Bank is now accepting applications for its third MortgageTech Accelerator program.

The exclusive accelerator program incubates start-ups developing innovative technology for the mortgage sector. Particularly, Flagstar is looking for fintech companies working on breakthroughs in mortgage origination, processing, marketing, servicing, compliance, sales, underwriting, credit and quality assessment. Among the criteria for selection are company progress and prospects for growth.

“We’re excited to partner with industry innovators and provide guidance along the way,” said Lee Smith, executive vice president and president of mortgage at Flagstar. “This program allows Flagstar to influence and be at the forefront of technological advances in the mortgage market while also providing start-ups real-world experience and potential investment at an early stage of their growth cycle.”