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Rate Pro
AcquiredTechstars '21Overland Park, US · Founded 2019 · 3 employees on LinkedIn · 1 known investors
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PMI Rate Pro is an API and web platform that aggregates real-time private mortgage insurance quotes from all major providers, enabling mortgage lenders and technology platforms to compare rates and place MI orders from a single integration. It serves lenders, credit unions, and mortgage technology providers seeking to reduce manual quoting work and maintain compliance.
Also known as PMI Rate Pro
Investors · 1
How we know: the Techstars portfolio · open dataset · Top 3000 Accelerator Startups (no YC) 2026-08 · Not right? Tell us
Company profile
researched Sep 2026PMI Rate Pro is an Overland Park, Kansas-based financial technology company that provides API-driven private mortgage insurance (PMI) pricing technology. Its platform lets mortgage lenders and technology providers obtain instant, risk-based mortgage insurance quotes from all national MI providers through a single integration, across the five standard MI products (monthly, single, split and lender-paid options among them). Quotes can be ranked automatically by "best-ex" pricing or ordered according to a lender's risk-allocation strategy for distributing business among providers.
The product is delivered in two forms: a JSON API that pushes live MI quotes into existing mortgage systems such as loan origination, product and pricing engine, and point-of-sale platforms, and a standalone web platform for lenders that want quotes without any system integration. The API also supports moving from a quote directly to placing an MI order with the provider. The company positions detailed, itemized MI cost breakdowns as support for borrower disclosure requirements and regulatory compliance.
The platform first launched in 2019 to address the fragmentation of the mortgage insurance step of loan origination, where lenders otherwise build and maintain six separate provider integrations. In May 2025 PMI Rate Pro was acquired by LoanPASS, a mortgage pricing and decisioning software provider, and continues to operate under its own brand.
Founding story
Nomi Smith is a co-founder of PMI Rate Pro, which launched its platform in 2019 to simplify what the company describes as one of the most fragmented parts of the mortgage process.
Business model
PMI Rate Pro sells mortgage insurance quoting and ordering technology to mortgage lenders and mortgage technology platforms, delivered either as an API integrated into a customer's existing systems or as a standalone web application used directly by lender staff.
Traction
Lender customers cited on the company's site include NBKC Bank and Dart Bank. The company was named one of Startland News' past Kansas City Startups to Watch and participated in Techstars Kansas City and the Pipeline Entrepreneurs network. At the time of the 2025 acquisition, LoanPASS committed to supporting PMI Rate Pro's existing lender clients and software integrations.
Latest developments
LoanPASS announced its acquisition of PMI Rate Pro on May 8, 2025, for undisclosed terms. The companies said service would be uninterrupted and that they would collaborate on expanding platform capabilities and technology partnerships, integrating MI quoting with LoanPASS product configuration, pricing and eligibility so that lenders can access all six national PMI providers through a single API.
▸Full profile — market position, technology, go-to-market, geography, history
Market position
PMI Rate Pro positions its aggregated, API-based quoting against manual MI quoting workflows, in which lenders request rates from providers individually or build and maintain separate integrations with each of the six national MI providers.
Differentiators cited by the company include a single integration covering all national MI providers, automatic ranking of quotes by best-execution pricing or a lender-defined risk-allocation algorithm, a direct path from quote to MI order, transparent MI cost breakdowns aligned with borrower disclosure standards, and the availability of a no-integration web option.
Technology
A JSON API delivers real-time, risk-based mortgage insurance quotes from national MI providers into existing mortgage technology systems, with quote ranking logic for best-execution or risk-allocation ordering and the ability to submit MI orders to providers. A standalone web application displays monthly, single, split and lender-paid MI options without requiring integration.
Go-to-market
The company sells directly to lenders and mortgage technology platforms, offering product demonstrations and a self-serve web platform for smaller-scale needs, and distributes its quoting capability through integrations with LOS, PPE and POS systems. Following the LoanPASS acquisition, its MI quoting is also offered within the LoanPASS pricing and eligibility platform.
Mortgage lenders, including banks such as NBKC Bank and Dart Bank, and mortgage technology platforms including loan origination, product and pricing engine, and point-of-sale system providers.
Geography
Headquartered in Overland Park, Kansas, serving lenders across the United States through the six national private mortgage insurance providers.
History
The platform first launched in 2019. PMI Rate Pro was a Techstars Kansas City alum and a member of the Pipeline Entrepreneurs network, and was named one of Startland News' Kansas City Startups to Watch. It previously pivoted to a technology solutions firm as its pricing tool integrated with mortgage software. On May 8, 2025, LoanPASS announced it had acquired the company; terms were undisclosed, and PMI Rate Pro retained its brand and continued to operate independently with co-founder Nomi Smith at the helm.
Compiled by commissioned research from 5 cited public sources — announcements, filings, and press listed under research sources below.
Key figures
latest reportedCompany-reported or press-reported figures, each dated to when it was claimed — not independently audited.
Timeline · 2
launches, deals, and filingsLoanPASS announced the purchase of PMI Rate Pro, an Overland Park-based fintech specializing in API-driven private mortgage insurance pricing technology. Financial terms were not disclosed. PMI Rate Pro retains its brand identity and continues operating independently under co-founder Nomi Smith, with LoanPASS supporting existing lender clients and integrations. The combination is intended to add mortgage insurance quoting to LoanPASS's product configuration, pricing and eligibility capabilities, giving lenders access to all six national PMI providers through a single API.
PMI Rate Pro's platform first launched in 2019, designed to let lenders and technology platforms connect once to a unified API instead of building and maintaining six individual PMI provider integrations.
Dated company events from announcements, filings, and press; legal rows summarize public dockets and regulator releases.
▸Research sources · 5
primary sources listed
- Rate Propmiratepro.com · web
5 public sources were cited for this profile; the first-party ones are listed here.
Frequently asked questions
- What does Rate Pro do?
- PMI Rate Pro is a mortgage-insurance pricing platform giving lenders quotes from all national MI providers through one API.
- Who are Rate Pro's investors?
- Rate Pro's investors include Techstars.
- Where is Rate Pro headquartered?
- Rate Pro is headquartered in Overland Park, US.