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
Five Elms Capital leads investment round in Atlanta SaaS firm
Five Elms Capital is continuing a streak of deals to kick off 2017. The Kansas City-based venture capital firm announced Monday that it’s the lead investor in MemberClicks, a SaaS provider that helps associations, trade groups and nonprofits manage members. Five Elms — which was joined by New York-based Level Equity as lead investors —…
Cali tech firm AutoAlert to create 300 Kansas City jobs
AutoAlert, an Irvine, Calif. Based tech firm, announced Friday that it’s planning to relocate its headquarters to Kansas City. The firm — which will receive a Missouri Works grant of as much as $9.2 million if it meets its job creation projection — offers automotive software communications using data mining and trade-cycle management tools. With plans…
Healthy hip-hop duo remixes rap for exercise, education tech
Raised in the urban core of Kansas City, Roy Scott grew up idolizing gangster rap. Inspired by 90s hip-hop artists such as N.W.A. and Bell Biv DeVoe, he always hoped to become a famous rapper. But years later when raising his own son, a light bulb went off for Scott when he heard his 4-year-old…
CNBC: Kansas City is a top place to affordably ‘live large’
Kansas City was once again nationally recognized as a locale in which residents can live well on a base salary that’s comparatively low to coastal cities. CNBC named Kansas City No. 9 on its list of 12 cities “where you can live large on $60,000.” “The best places are likely the ones where you can…