Rate Pro is a platform that aggregates and compares private mortgage insurance quotes from all six national providers, enabling mortgage loan officers to quickly access the best pricing options. This tool saves users over four hours a week and helps homebuyers save an average of $45 monthly and $4,000 on single premiums.
Funding
$120K raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Mortgage loan officers spend significant time manually gathering private mortgage insurance (PMI) quotes from multiple providers. This process is tedious, leading many to only quote a limited number of providers and potentially missing the best pricing options for homebuyers. The lack of an efficient comparison tool can result in higher costs for borrowers and lost deals for loan officers.
Solution
Rate Pro is a platform designed to streamline the PMI quoting process by aggregating and comparing quotes from all six national PMI providers in one place. The platform's API pulls multiple rate quotes instantly, presenting all available options to loan officers and their clients. By providing a comprehensive view of the market, Rate Pro enables users to quickly identify the most competitive rates and save homebuyers money on their mortgage insurance. The system-agnostic tool integrates seamlessly with existing mortgage technology systems, offering instantaneous value and a competitive edge.
Target Audience
Rate Pro primarily targets mortgage loan officers seeking to streamline their PMI quoting process, increase conversion rates, and provide homebuyers with the most affordable options.
Features
- Instant comparison of monthly, single, split, and lender-paid PMI quotes
- Aggregates quotes from all six national PMI providers
- System-agnostic integration with existing mortgage technology systems
- Application Programming Interface (API) for pulling multiple rate quotes in seconds
- Customer Relationship Management (CRM) features for managing client interactions
- Risk allocation tools to passively reduce counterparty exposure
- Cutting-edge technology to stay ahead of the competition