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
Novel Growth announces new $12M+ fund, expansion to Chicago, Indianapolis, St. Louis
An oversubscribed first fund for Novel Growth Partners will help the Kansas City-based financing firm expand its tech investments in Chicago, Indianapolis and St. Louis. With more than $12 million banked for the fund, Novel is poised to use its unique revenue-based financing model to focus on boosting B2B software startups, the firm said in…
Boddle scores $25K AT&T Aspire audience award thanks to tough love on duo’s most difficult pitch
Just because a pitch is tough doesn’t mean it won’t payoff, said Clarence Tan. “Smiles will take you miles,” Tan, CEO and cofounder of Boddle Learning, said of his and co-founder Edna Martinson’s latest pitch at the AT&T Pitches and Purpose contest in San Francisco — the pair’s most difficult presentation to date, they said…
H&R Block plans $3.5M in KC investments to combat social isolation, boost entrepreneurs
H&R Block filed its intentions Thursday to contribute $6.5 million over the next five years to support neighborhood revitalization and the success of small businesses nationally — with $3.5 million slated specifically for Kansas City. “Make Every Block Better” teams the Kansas City-born tax preparation giant with five key partners in the local entrepreneur and…
Fund Me, KC: My Bear Jeff spreads comfort to child trauma survivors, bear to bear
Startland News is continuing its “Fund Me, KC” series to highlight area entrepreneurs’ efforts to accelerate their businesses. This is an opportunity for entrepreneurs — like Rachel Cohen with her My Bear Jeff campaign — to share their crowdfunding stories to gain a little help from their supporters. Who are you? Rachel Cohen, Chief Bear Officer…