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
Father turns grief over son’s loss into healthtech solution for speedier medical records transfers
Chris Jones’ quietly sunny disposition belies the hard knocks peppered throughout his past. Then again, the full-time consultant, masters candidate, and now startup founder sees all past experience as a catalyst for growth, he said. “Everything you’ve been through in life prepares you for this moment, now,” said Jones, founder of MatchRite Care. “So you…
MADE MOBB building streetwear experience, empire with new Crossroads retail store
MADE MOBB’s growing footprint in Kansas City isn’t because of luck, said Mark Launiu, as the streetwear apparel company plans to open its third retail location in July. “If I’m honest with you, this is hard. It’s a lot of work to push the brand and reflect the culture,” said Launiu, co-founder of MADE MOBB/MADE…
Pride underfoot: Founder’s rainbow crosswalk movement met with resistance
KC PrideFest 2019 has come and gone, but one voice in Kansas City’s startup community is advocating for a year-around symbol of LGBTQ+ support. “I want something that’s going to be more permanent than a sticker on the streetcar,” said Brandon Love, referencing the recently unveiled KC streetcar that sports a wraparound rainbow design. “That’s…
Bungii ‘circles the wagons,’ sending its truck drivers to aid Linwood tornado survivors
One of Kansas City’s top startups dropped its tailgates this week to help Kansans ravaged by a violent twister. “The damage and injuries suffered because of the storms were outside of everybody’s control, but how we react and how our community reacts is vital,” said Eric Bolduc, a customer success specialist for Bungii who was…