Big News! We’re Becoming Luminate Bank—Here’s What It Means for You

webadmin • January 17, 2025

Big News! We’re Becoming Luminate Bank®—Here’s What It Means for You

Here at Luminate Home Loans, we’re always looking for ways to offer more value to our clients and partners. We’ve been a wholly owned subsidiary of Luminate Bank® for some time, but we’re now so thrilled to share the next step in our journey. Soon, we’ll officially transition to become a division of Luminate Bank®, opening the door to even greater opportunities.
What does this mean for you? In short: more flexibility, more resources, and more opportunities to help your clients achieve their financial goals. As part of a full-service bank, we’re expanding the ways we can serve you and your clients, all while maintaining the expertise and personalized service you’ve come to trust.

The Benefits of Being Part of Luminate Bank®

By becoming Luminate Bank®, we can offer a broader range of financial solutions designed to meet the diverse needs of today’s homebuyers and homeowners. Here’s how this transition benefits you and your clients:

Radiant Savings & Brighter Checking

We’re not just focused on mortgages anymore. As part of a bank, your clients will have access to competitive savings account rates and simple, accessible checking accounts. These products are designed to help them grow their wealth and manage their finances with ease.

Portfolio Lending for Unique Needs

With Luminate Bank®’s ability to hold loans on our balance sheet, we can craft flexible solutions for even the most complex scenarios. Whether it’s creative financing for non-warrantable condos or loans for mixed-use properties, we have options to fit unique situations.

Exclusive Loan Products

We’re excited to bring your clients access to exclusive lending solutions, including:

Doctor Loans: Up to 100% financing with no mortgage insurance.
Bridge Loans: Making it easier for clients to transition between homes.
Cross-Collateralization Loans: Helping clients leverage their assets for new opportunities.

Diverse Property Types, One Partner

From second homes and investment properties to multi-family units and commercial real estate, we can help finance a wide variety of property types—all in one place.

Simplified Financial Solutions

Being part of a bank means we’re your one-stop solution for financial needs. From mortgages to everyday banking to wealth-building tools, we’re here to support your clients every step of the way.

What This Means for You

For our referral partners, this transition is an opportunity to stand out. By working with us, you’ll give your clients access to a wider array of financial solutions while positioning yourself as a trusted expert who can deliver more.
We’re excited about what’s ahead and how this new chapter with Luminate Bank® will allow us to serve you even better.

Let’s Work Together

If you’re ready to learn more about how our expanded resources can help your clients (and your business) thrive, let’s connect! Together, we’ll create brighter paths to financial success for the people you serve.

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Luminate Bank Welcomes Josh Eifert as CFO

By Luminate Marketing Team • February 4, 2025

Luminate Bank® Welcomes Josh Eifert as Chief Financial Officer, Honoring Legacy of Dave Turk [Minneapolis, Minn.] – [2/4/2025] – Luminate Bank® is proud to announce the appointment of Josh Eifert as its new Chief Financial Officer, succeeding Dave Turk, who has played a pivotal role in shaping the company's strong financial foundation. Josh brings a wealth of experience and strategic vision to Luminate Bank, with 26 years in the banking industry. Most recently, Josh served as CFO at Tradition Capital Bank in Edina, Minnesota, where he led the financial strategy during its remarkable growth from $300 million to more than $2.5 billion in total assets. Before his tenure as CFO, Josh contributed to Tradition Capital Bank in other key financial roles. He began his career with Norwest and Wells Fargo Banks, gaining extensive expertise in financial and operational capacities. Luminate Bank's leadership transition reflects the company's thoughtful succession planning, ensuring its financial strategies remain robust and forward focused. Under the leadership of Dave Turk, Luminate Bank has built an exceptional financial infrastructure, delivering consistent results and creating a foundation that positions the company for continued success. Luminate Bank's CEO, Marc Campbell, shared his confidence in the appointment: "Josh not only brings exceptional financial acumen and strategic insight to Luminate Bank, but he also embodies the principles that define our organization: integrity, innovation, and a steadfast commitment to excellence," Luminate Bank's CEO, Marc Campbell, shared with confidence. "His leadership will ensure our financial strategies succeed and inspire confidence across all who depend on us." "I am honored to join Luminate Bank at such an exciting time. The company's remarkable history of financial excellence and its forward-thinking approach align perfectly with my values and vision," stated Josh Eifert. "I look forward to collaborating with the talented leadership team to build on this strong foundation and drive continued success for our customers, employees, and stakeholders." Josh graduated from the University of Minnesota with a degree in finance and completed the Graduate School of Banking at Colorado. CEO Marc Campbell expressed gratitude for retiring CFO Dave Turk's contributions, saying, "Dave has been instrumental in positioning Luminate as a financial leader. His dedication, insight, and stewardship will always be a part of our company's legacy." Josh Eifert will officially assume his role on February 18, 2025. About Luminate Bank® At Luminate Bank, We Open Doors—empowering individuals and families to achieve their financial dreams through personalized service and innovative digital solutions. As a nationwide bank headquartered in Minneapolis, Minnesota, we are committed to helping our clients meet their financial goals with a blend of modern technology, traditional values, and the trusted guidance of experienced professionals. Known for our exceptional commitment to customers, we take pride in delivering a seamless, supportive experience for every step of the journey. Our dedicated mortgage division has branches and a team of loan originators across the US, making expert home financing solutions accessible to communities nationwide. Luminate Bank is committed to safeguarding your money and accounts with FDIC insurance coverage up to applicable limits. Learn more about how we can open doors for you at www.luminate.bank , follow us on Instagram, LinkedIn, and Facebook, or call (952) 939-7200. For media inquiries, please contact: Debbie Schwake, CMO debbie.schwake@luminate.bank