TechSprint 

Frequently Asked Questions

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FAQs: 

• What is a TechSprint?

A “TechSprint” refers to intense problem-solving sessions designed to facilitate innovation, 

promote collaboration, and create digital solutions to difficult problems.

• What is the objective of the TechSprint?

FHFA, through its Office of Financial Technology, seeks to explore and demonstrate the use of 

technology as a tool in driving transparency, improving efficiency, and increasing access, 

fairness, affordability, and sustainability in mortgage processes.

• What is a Problem Statement?

A Problem Statement is a challenge topic for the TechSprint, which teams will focus on solving. 

The Problem Statements for this TechSprint are written broadly to encourage teams to be 

creative and develop a diverse set of ideas.

• When can I apply to participate?

The application period opens on April 4, 2023 and closes on May 31, 2023.

• Who is eligible to apply? 

The public is welcome to apply to participate. Individual applicants must be age 18 or older. 

Participation is subject to all applicable U.S. federal, state, local, and country of residence laws 

and regulations. See TechSprint Rules for full eligibility criteria.

• What is the application process? 

When the application period opens, interested individuals must apply through the application 

link. Application does not guarantee participation. Information about the applicant, details of 

their expertise as applicable to the TechSprint, and other relevant information will be required.

During the application period, all applicants will be asked to identify themselves by providing 

their name, organization affiliation(s), contact information, relevant experience and expertise, 

and other information that would be useful to FHFA in determining which applicants to invite to 

participate in the TechSprint. 

• What is a “Participant” for the purposes of the TechSprint?

Individuals apply, and if selected by FHFA, will be offered the opportunity to participate. If the 

individual agrees to participate, that individual will be placed on a TechSprint Team as assigned 

by FHFA.
TechSprint 

Frequently Asked Questions

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• How are Participants selected?

The criteria that will be used to select Participants, and for determining team placements, will 

be based upon diversity of experience and other relevant factors as described in the TechSprint 

Rules. 

Applicants will acknowledge that they have read and agree to the TechSprint Rules as a part of 

the application process. For additional details on eligibility and selection criteria, please refer to 

the TechSprint Rules.

• How are teams formed?

Participants are placed on TechSprint teams as assigned by FHFA, with no more than two 

individuals from any legal entity on the same team.

• What roles might participants play?

Domain Expert: Individuals who have in-depth knowledge about products, services, laws 

and policies related to mortgage finance and/or financial technology.

Designer: Individuals who have a background in design of products and services, 

including UI/UX, with a focus on the user’s level of satisfaction. 

Front End Developer: Individuals who have a background in website or mobile app 

development and interaction.

Back End Developer: Individuals who build and maintain the mechanisms that process data 

and perform actions on websites.

Communicator: Individuals who work in storytelling, sales, and marketing. Experience 

with presenting and pitching ideas is helpful.

Team Leader: In addition to a team role, individuals are responsible for managing the 

team, timeline, and deliverables, and acting as point person for 

organizers.

• When will the TechSprint take place?

The TechSprint will take place from July 10 – July 13, 2023, with a Demo Day scheduled for 

July 13.

• What happens on Demo Day?

TechSprint teams will present their solutions to a panel of judges representing a variety of fields 

relevant to the TechSprint topic. Judges will independently score each solution on a scale set for 

the TechSprint. A team will be selected for each category by adding all judges’ scores and 

calculating the highest scoring solution. In the event of a tie, multiple TechSprint teams will be 

selected; however, a team can only win one category.
TechSprint 

Frequently Asked Questions

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• Who is organizing the TechSprint?

The TechSprint is organized by the Federal Housing Finance Agency (FHFA).

• Where is the TechSprint being held?

The TechSprint is being held at the Constitution Center, 400 7th St. SW, Washington, DC 20219. 

Certain sessions, including the opening session and the closing Demo Day, will also feature 

speakers and presentations that will be livestreamed for online observers. 

• Are there prizes for winning selections?

No prize, cash or otherwise, will be awarded to teams.

• Where can I find more information?

Additional questions regarding the TechSprint can be addressed by contacting the Office of 

Financial Technology at FinTech@FHFA.gov.