The mPower Visionary Award Nomination goes to Nomi Smith
Congratulations to Nomi Smith
mPower Visionary Award Nomination | Grit and Grace
LoanPASS is proud to congratulate SVP of Business Development and Founder of PMI Rate Pro, Nomi Smith, on being named a nominee for the inaugural mPower Visionary Award, presented by the Mortgage Bankers Association's mPower initiative.
The mPower Visionary Awards recognize women who are making a lasting impact across the real estate finance industry through leadership, innovation, and service. Nomi has been nominated in the Grit and Grace category. Winners will be announced at the mPowering You Summit for Women in Real Estate Finance on October 10 in Chicago.
Nomi's path to mortgage technology began far from the industry she would go on to reshape. Arriving in the United States from Mongolia in 2007 to pursue her MBA, she started her American career as a bank teller. From there, she built her way into mortgage, and what she found was an industry with a problem no one had solved: comparing private mortgage insurance across providers was manual, opaque, and slow, costing lenders time and costing homebuyers money.
Rather than accepting the status quo, Nomi founded PMI Rate Pro, a platform often described as the "Kayak for mortgage insurance," enabling lenders to instantly compare PMI options from all six private mortgage insurance providers through a single interface. What started as a solution to a pain point she experienced firsthand evolved into a sophisticated API-driven platform that integrates directly into mortgage workflows, improving speed, transparency, and efficiency across the lending process. Before the acquisition by LoanPASS in 2025, PMI Rate Pro had earned the trust of some of the largest banks, credit unions, and independent mortgage bankers in the country, a testament to both the depth of the problem she identified and the strength of the solution she built.
Today, as SVP of Business Development at LoanPASS, Nomi continues to lead the growth of PMI Rate Pro alongside the broader LoanPASS platform, expanding the integration ecosystem and working toward a single goal she has held since day one: making the best MI execution available to every lender, on every platform.
"Nomi Smith embodies the spirit of the Grit and Grace award," said Bill Mitchell, Chief Revenue Officer of LoanPASS and Nomi's nominator. "Her journey from Mongolia to building and scaling one of the most impactful platforms in mortgage technology is a story of resilience, courage, and visionary leadership. She identified a problem that affected millions of homebuyers, built the solution, earned the trust of the largest lenders in the country, and never stopped pushing. We are incredibly proud to have her leading business development at LoanPASS."
"This nomination reflects a journey I never could have mapped out when I arrived in this country," said Smith. "I started as a bank teller and found my way into an industry I came to love, and then I saw something that needed to be fixed. I am grateful to Bill and the entire LoanPASS team for their support, and I hope this recognition inspires other women to know that the mortgage industry needs their ideas, their leadership, and their presence."
LoanPASS congratulates Nomi on this well-deserved recognition and is proud to support the mPower initiative's mission of advancing women across the real estate finance industry.
Learn more about the inaugural mPower Visionary Awards and follow mPower on LinkedIn to stay current on the mPowering You Summit for Women in Real Estate Finance.
About LoanPASS
LoanPASS is the product and pricing engine built for the way modern lending actually works. Lenders use LoanPASS to configure, price, and automate eligibility decisions across agency, non-agency, DSCR, Non-QM, and portfolio products without writing a line of code. The platform is built around a no-code rule engine that gives lenders full control over their credit policy, pricing logic, and product configuration, with the speed and flexibility to adapt as the market changes. PMI Rate Pro, a LoanPASS company, extends that platform into mortgage insurance, giving lenders a single connection to quote, compare, risk allocate, and order MI from every major carrier. LoanPASS is headquartered in Miami, FL. Learn more at loanpass.io.