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
KC Crew’s fall leagues set to be first players in overhauled Hy-Vee Arena
The newly renovated Hy-Vee Arena in Kansas City’s West Bottoms is like a giant sports coworking space, said Luke Wade. Coffee shops, restaurants, chiropractors, physical therapists, and other offerings are joining his adult sports and events company in the revamped former Kemper Arena facility, said Wade, founder of KC Crew. And although the arena officially…
KCMO provides welcoming spot for NY-based high-tech kennel startup, DogSpot
Kansas City stands out among 30 different DogSpot partner cities for cutting through bureaucracy to help startups grow, said Chelsea Brownridge. DogSpot — a service that delivers internet-connected, air-conditioned, standalone dog kennels for pet owners to “park” their dogs while, for example, shopping or running errands — teamed with the City of Kansas City, Missouri,…
Three fathers bring Whizz Bang potty-training game to market through Make48, Handy Camel
The Whizz Bang gamifies potty training and saves the bathroom floors of all parents, said Amy Gray. The device, which hooks on the underside of a toilet seat lid, emits a LED light target at the bottom the bowl. Once hit, the device plays musical praise, said Gray, the head of sales for Handy Camel,…
Reconciliation Services hopes to heal trauma in the heart of stigmatized Troost corridor
Commanded by Scripture, David Altschul journeyed into parts unknown, said his successor, Father Justin Mathews. In the mid-1980s, a philanthropic pull tugged at the heart of Altschul — a white, insurance salesman from Johnson County — and eventually led him into the distressed, history-rich neighborhoods that lined Troost Avenue on the east side of…