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
Byrd: How the Silicon Prairie can avoid Silicon Valley’s diversity issues
When Google and Intel first released their employment statistics in 2014, the topic of diversity was nowhere as elevated as it is today in corporate circles. Silicon Valley and its many companies from large tech giants down to startups are under the diversity and inclusion microscope. Why all of the emphasis on diversity? Demographically our…
State of Entrepreneurship to tackle national ‘startup deficit’
In her second address to the nation, Kauffman Foundation CEO Wendy Guillies on Wednesday will present the seventh-annual “State of Entrepreneurship Address.” Guillies will travel to the National Press Club in Washington D.C. to address the nation’s long-term decline in new business creation, which has created a so-called “startup deficit.” Guillies, who was appointed as…
LaunchCode kicks off Kansas City office with $250K boost
Fresh off its expansion to Kansas City, LaunchCode will tap additional capital from the Missouri Technology Corporation to boost its operations focused on tech workforce development. With a visit Thursday from Missouri Gov. Jay Nixon at the Sprint Accelerator, the MTC announced that it would inject an additional $250,000 into LaunchCode, which expanded from St.…
Innovation officer confident KC can nab $50M transportation grant
The City of Fountains has a solid shot at landing a $50 million award that could transform its transportation system. At least that’s what Kansas City’s new chief innovation officer Bob Bennett believes. Bennett, who started his tenure as Kansas City’s second innovation officer in January, said that the city’s openness to new technology situates…