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
Venues Made Simple vows to marry transparency with streamlined wedding planning tech
Jeff and Jessie Pavalone didn’t intend to plan their wedding during a pandemic. The Kansas City couple is introducing technology to the wedding industry with their new Airbnb-style venue management system, meant to simplify wedding planning for both couples and event spaces. Click here to explore their Digital Sandbox KC-backed startup, Venues Made Simple. The…
Family serves tender tradition at Kitty’s Cafe with KC’s most famous pork sandwich
Nestled along 31st Street between Kansas City’s Midtown and east side neighborhoods, Kitty’s Cafe has become a cherished symbol of timeless comfort recipes and enduring family heritage, said Jenna Soulivong. It’s word-of-mouth popularity spread largely from Kitty’s pork tenderloin sandwich — a menu item that that earned the restaurant recognition from The New York Times…
Your anxiety at work might not have a specific ‘trigger’: Why ignoring it will just bring more stress
Kharissa Parker is a news producer, writer, certified health coach, and “Holistic Hustle” columnist for Startland News. The opinions expressed in this commentary are the author’s alone. For more of her self-care tips on how to keep your cup full, visit kparker.co. Seventy-two percent of people experience stress to the extent that it interferes with…
Headline-grabbing entrepreneurs join ScaleUP! KC on their way to ‘that next tier’
Twenty of Kansas City’s most promising young companies — including the KC Chamber’s “Emerging Business of the Year” — are among the latest cohort of ScaleUP! Kansas City, the metro’s longest running program for growth-minded entrepreneurs with scaling businesses. ScaleUP! Kansas City companies receive coaching, perspective and connections to scale, create new jobs, open new…