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
Northland BBQ spot opens, building flavors, menu from side hustle to storefront
After a decade-long journey building his BBQ business — from tailgates to a just-opened brick-and-mortar restaurant — Wardell Hooks Jr. would only change one thing along the way: He’d have quit his full-time job sooner. “My thing is the joy,” said Hooks, founder of Off the Hook BBQ, describing the feeling of accomplishment from his…
Match this: ‘Ted Lasso’ filming in KC another win for city’s tax credit pitch, mayor says
Scoring state-side shooting locations for the newest season of “Ted Lasso” reflects a strategy by the KC Film Office that’s straight from the hit Apple TV+ series’ playbook: the harder you work, the luckier you get. “‘Ted Lasso’ filming in Kansas City represents everything we’ve been working toward,” said Rachel Kephart, director of the KC…
Kauffman Foundation launches new executive role to lead its Real World Learning team
Cross-sector collaboration will be key for Misty Chandler as she embarks on a freshly carved out journey within the Ewing Marion Kauffman Foundation’s evolving Real World Learning strategy, said Dr. Susan Klusmeier, lauding the longtime advocate for her wealth of experience with workforce readiness and student success at the University of Kansas. “Her deep understanding…
Indoor golf concept shoots past the rough with tech driver, hooking franchise success across US
Lenexa-based indoor golf concept GolfTRK is teeing off into the world of franchising, said Matt Williams, scoring big wins from coast to coast as demand to expand access to “golf light” soars. The modern training and performance facility — a Trackman Preferred Franchise Partner with locations in Lenexa and Overland Park — now has 11…