PMI Rate Pro exits: KC fintech calls acquisition the ‘natural next step’ for its mortgage tech solution
May 8, 2025 | Startland News Staff
MIAMI — A strategic acquisition between a software leader and a Kansas City fintech startup brings together two innovators in mortgage tech to deliver the industry’s most comprehensive platform, said Nomi Smith, co-founder of PMI Rate Pro.
LoanPASS on Thursday announced its purchase of PMI Rate Pro, an Overland Park-based fintech specializing in API-driven private mortgage insurance (PMI) pricing technology. Financial terms of the deal were not disclosed.
PMI Rate Pro — one of Startland News’ past Kansas City Startups to Watch — will retain its brand identity and continue operating independently, with Smith at the helm and full support from LoanPASS for its current lender clients and software integrations, she said.
“We built our PMI technology to be modern, flexible, and easy to integrate with LOS, PPE, and POS systems,” the Techstars Kansas City alum and member of the Pipeline Entrepreneurs network added. “Joining LoanPASS is a natural next step. Together, we’re building the kind of connected infrastructure the mortgage industry has needed for years.”
Integrating Smith’s company and its technology is expected to boost LoanPass’s product configuration, pricing, eligibility, and mortgage insurance quoting, giving lenders access to all six national PMI providers through a single API.
The result of the LoanPASS deal: faster, more accurate quotes, reduced manual effort, and better pricing options for borrowers, Smith said.
Both teams are committed to uninterrupted service and will collaborate to further expand platform capabilities and tech partnerships, said Bill Roy, founder and CEO of LoanPASS.
“Together, LoanPASS and PMI Rate Pro deliver a unified system for pricing and mortgage insurance, elevating the lending experience for our customers,” he added. “This integration brings speed, accuracy, and control to the forefront — allowing lenders to manage product pricing and PMI through one modern interface.”
First launched in 2019, PMI Rate Pro’s platform was designed to simplify one of the most fragmented parts of the mortgage process. Instead of building and maintaining six individual PMI integrations, lenders and tech platforms can now connect once to PMI Rate Pro’s single, unified API — saving time and development resources.
Featured Business
2025 Startups to Watch
stats here
Related Posts on Startland News
Fund Me, KC: SlickRinse helps preserve your contact lenses
Editor’s note: Startland News is continuing its segment to highlight area entrepreneurs’ efforts to accelerate their businesses. If you or your startup is running a crowdfunding campaign, let us know by contacting news@startlandnews.com. Who are you? Brandon Presley, founder of SlickRinse What’s your product? SlickRinse is a new contact lens case that helps you take better…
Amazon narrows finalists for HQ2; Kansas City not on the list
Kansas City apparently isn’t the prime location for Amazon’s HQ2, but area development leaders say the lessons learned from pursuing the online retail giant’s second headquarters not only united the metro, but better prepared it for future bids. “I understand that some Kansas Citians may be disappointed by the Amazon announcement,” Mayor Sly James said…
Pipeline readies fellows, judges, award finalists ahead of Innovators gala
It’s nearly gala time for the Pipeline Entrepreneurial Fellowship and its alumni, as the program prepares to award top honors next week. Eight fellows from the 2017 Pipeline class are set to compete in an Aug. 25 pitch competition, which will culminate with one participant being crowned Innovator of the Year during a sold-out “The…
Truck hailing tech firm Bungii straps down $3M in oversubscribed round
Ben Jackson and his team were so determined to meet their fundraising goal they didn’t notice they crushed it. “One day, we looked up and realized that we were already substantially oversubscribed,” said Jackson, co-founder of Bungii. “We’re super excited and thankful for it. … Our team attacked that goal hard.” Bungii — which created…