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
Aware Vehicles accelerates pilot-free drone development thanks to IgniteX partnership with Black & Veatch
Drones are one step closer to becoming completely automated with the help of Aware Vehicles, a finalist in the IgniteX Accelerator. The Kansas City-based tech startup focuses on non-human interaction for the flight, charge and data collection of drones, emphasized PJ Piper, CEO of Aware Vehicles and founder of QM Power. “You get the eye…
Fishtech Group scales CYDERES, leaping into deep end of global cybersecurity market
National accolades and an expansion into Northwest Arkansas are feeding the latest round of rapid scaling at the Gary Fish-led Fishtech Group. “Hitting the MSSP list for the first time at No. 25 is a huge honor and an endorsement of CYDERES’ position in the managed service market,” Eric Foster, CYDERES Chief Operating Officer, said…
KC-based Water.org fills need with focus on poverty as a market to be served
When philanthropy is used to correct a market failure, there is potential for profit, said Gary White, co-founder and CEO of Water.org. “The poor should not necessarily be seen as a problem to be solved but a market to be served,” White told a recent crowd at the University of Missouri, highlighting the importance of…
Voting with cash: Meet the 8 Kansas City tech startups competing in the Pure Pitch Rally
The landsharks are circling and eight hungry tech founders are ready to sell their ideas at the fourth annual, invite-only Pure Pitch Rally, the early-stage funding platform announced Wednesday. “In Kansas City, we have the business soul and hunger to help others — through both community crowdsourced giving and offering others a stepping stone to…