Overland Park-based PMI Rate Pro Acquired By Miami Fintech Company

Posted May 15, 2025

Overland Park-based fintech company, PMI Rate Pro, has been acquired by Miami, Florida-based LoanPASS.

PMI Rate Pro is a private mortgage insurance tech company that offers an API platform allowing clients to receive private mortgage insurance (PMI) quotes from all national PMI providers. The company’s platform, first launched in 2019, creates a single source for real-time quotes, ordering, and risk allocation when applying for mortgage insurance.

LoanPASS is a loan pricing and solutions software for mortgage lenders. LoanPASS announced its strategic move to acquire the Overland Park company, resulting in faster, more accurate quotes, reduced manual effort and better pricing options for borrowers, according to a release.

Financial terms of the deal were not disclosed in the release.

“We built our PMI technology to be modern, flexible, and easy to integrate with LOS, PPE, and POS systems,” CEO of PMI Rate Pro, Nomi Smith, said in the release. “Joining LoanPASS is a natural next step. Together, we’re building the kind of connected infrastructure the mortgage industry has needed for years.”

PMI Rate Pro will retain its brand and continue operating independently, with access to LoanPASS’s lender clients and software integrations. The acquisition positions LoanPASS to serve a broader market on a single platform.

“Together, LoanPASS and PMI Rate Pro deliver a unified system for pricing and mortgage insurance, elevating the lending experience for our customers,” CEO of LoanPASS, Bill Roy, said. “This integration brings speed, accuracy, and control to the forefront—allowing lenders to manage product pricing and PMI through one modern interface.”