Wilqo and PMI Rate Pro Partner to Optimize Mortgage Operations with Seamless Integration
Wilqo, the operator of “Charlie”, the industry’s first Production Optimization Platform (POP), today announced an API integration with PMI Rate Pro, a LoanPASS company. PMI Rate Pro is the only provider of comprehensive private mortgage insurance (PMI) solutions with system agnostic quoting, risk allocation, and ordering in the industry. This collaboration brings together cutting-edge cloud-based technologies to enhance transparency, efficiency, and decision-making for mortgage bankers.
Wilqo's POP is transforming the mortgage lending process by breaking work into atomic-level tasks, automating flows, and providing actionable insights that optimize throughput while minimizing costs. The POP integrates point-of-sale (POS), loan origination (LOS), Content Intelligence (AIpowered document handling), and business intelligence into one intuitive, cloud-native platform. Through this partnership, PMI Rate Pro’s real-time private mortgage insurance quoting and ordering capabilities will be embedded directly in Charlie, streamlining end-user workflows and improving accuracy in the PMI process.
PMI Rate Pro, is renowned for its innovation in private mortgage insurance. Its platform enables lenders to instantly compare PMI pricing from all mortgage insurance providers, ensuring borrowers receive the most competitive and transparent options. With MI Best Execution pricing, lenders automatically surface the best MI price on every loan across providers. The platform’s Risk Allocation feature allows lenders to manage the percentage of business going to each MI company using pricing tolerances, honoring partner commitments without sacrificing competitive pricing. This integration eliminates redundant steps in the MI process by delivering instant quotes, risk allocation, and ordering within a single interface. This approach not only enhances efficiency but also reduces errors and accelerates loan processing.
“By partnering with PMI Rate Pro, we’re bringing the best of both worlds together: intelligent loan manufacturing from Wilqo and transparent, real-time MI solutions from PMI Rate Pro,” said Kelli Hodges, Head of Operations at Wilqo. “This integration underscores our commitment to offering lenders an unparalleled end-to-end mortgage solution that aligns with their dynamic needs.”
"Partnering with Wilqo is a natural fit for PMI Rate Pro and LoanPASS," said Nomi Smith, SVP of Business Development. "Embedding our MI Best Execution, Risk Allocation and ordering capabilities directly into Charlie means lenders can quote, compare, risk allocate, and order MI from every provider without leaving their workflow. That's the kind of seamless experience lenders and borrowers deserve."
The integration marks a significant milestone in Wilqo and LoanPASS's shared mission to modernize mortgage lending. Mutual clients can now leverage the bi-directional API to enhance operational efficiency, simplify compliance, and provide borrowers with the most competitive PMI options seamlessly within their workflow.
About Wilqo
Founded by mortgage industry veterans and proven innovators, Wilqo is redefining loan manufacturing with its Production Optimization Platform (POP), Charlie, designed to help lenders close more loans with less effort. Built on a modern, scalable architecture, Charlie combines loan origination, point-of-sale functionality, content intelligence, and business intelligence into one seamless platform. For more information, visit www.wilqo.com.
About LoanPASS
LoanPASS is a modern product, pricing, eligibility, and automated underwriting platform designed for agency, non-agency, private credit, and portfolio lending. LoanPASS empowers banks, credit unions, IMBs, and private lenders to automate decisions, accelerate product deployment, and increase underwriting throughput without expanding staff or relying on legacy tools. With a flexible no-code rules engine and open API architecture, LoanPASS enables lenders to digitize manual pricing and underwriting workflows, ensure consistent and compliant decisions, and deliver faster borrower responses. LoanPASS AU, the company’s automated underwriting solution, extends these capabilities to portfolio, Non-QM, Bank Statement, DSCR, business-purpose, and other nonagency lending programs by providing automated eligibility validation, underwriting recommendations, and decision support. Together, LoanPASS helps lenders improve loan quality, speed, efficiency, and profitability. LoanPASS operates alongside PMI Rate Pro, a mortgage insurance quoting and ordering platform supporting all major U.S. MI providers. Visit LoanPASS for more information.