Proof of Usefulness Report

Opes Technologies

Analysis completed on 1/24/2026

+662
Proof of Usefulness Score
Category Standard

The submission describes Flagstar Bank (New York Community Bancorp), a major financial institution with $119B in assets and verified national scale. While the underlying entity possesses immense real-world utility, audience reach, and traction (placing it in the highest tier of organizations), the specific submission suffers from low effort (e.g., claiming 'most people' as traction). The score reflects the massive undeniable scale of the business, heavily penalized by the lack of specific technical detail and professional response quality.

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Score Breakdown

Real World Utility+225
Audience Reach Impact+170
Technical Innovation+22.5
Evidence Of Traction+237.5
Market Timing Relevance+60
Functional Completeness+5
Subtotal+720
Usefulness Multiplierx0.92
Final Score+662

Project Details

Project URL
flagstar.com
Description
New York Community Bancorp, Inc. is the parent company of Flagstar Bank, N.A., one of the largest regional banks in the country. The Company is headquartered in Hicksville, New York. At June 30, 2024, the Company had $119.1 billion of assets, $82.4 billion of loans, deposits of $79.0 billion, and total stockholders’ equity of $8.4 billion. Flagstar Bank, N.A. operates over 400 branches, including a significant presence in the Northeast and Midwest and locations in high growth markets in the Southeast and West Coast. Flagstar Mortgage operates nationally through a wholesale network of approximately 3,000 third-party mortgage originators. In addition, the Bank has approximately 90 private banking teams located in over 10 cities in the metropolitan New York City region and on the West Coast, which serve the needs of high-net worth individuals and their businesses.

Algorithm Insights

Market Position
Strong market validation with clear user adoption patterns
User Engagement
Documented reach suggests active user community
Technical Stack
Modern tech stack aligned with sponsor technologies

Recommendations to Increase Usefulness Score

Document User Growth

Provide specific metrics on user acquisition and retention rates

Showcase Revenue Model

Detail sustainable monetization strategy and current revenue streams

Expand Evidence Base

Include testimonials, case studies, and third-party validation

Technical Roadmap

Share development milestones and feature completion timeline