Luminate Home Loans Ascends to Top Three Nationwide Amid Market Challenges
webadmin • September 25, 2024
Luminate Home Loans Ranked Third Among U.S. Nonbank Mortgage Originators with More Than a 229.70% Increase in Funded Loans
MINNEAPOLIS, MINN. (SEPTEMBER 2024) — In a year marked by economic fluctuations and turmoil, Luminate Home Loans has emerged as the
third fastest-growing nonbank mortgage originator in the nation
in terms of YOY change in funded loans. This achievement reflects more than $2.7 billion in funded loans, underscoring the company's robust growth, strategic prowess, and resilience to overcome obstacles even in a turbulent industry.
Over the last year—despite widespread challenges in the mortgage industry revolving around fluctuating interest rates and economic uncertainty—Luminate Home Loans was still able to come out on top. The company elevated its funded loans to an impressive $2,784,500,000, which is a significant 229.70% increase from the previous year. This remarkable growth underscores Luminate's skillful navigation through these turbulent economic conditions and its unwavering commitment to excellence. Maintaining a loan approval rate of 70.50%, the company has continued to provide efficient and reliable support to homeowners across 49 states, solidifying its position as a leader in the mortgage industry.
“Achieving third in overall growth nationwide reflects more than our financial achievements; it represents the hard work and dedication of our entire team,” said Taryn Reuter, CEO and Co-Founder of Luminate Home Loans. “This milestone was only possible because of the deep trust our clients place in us, and our team honors that trust as a core value. It’s this relentless commitment and strategic approach to overcoming market challenges that allows us to provide exceptional service, support, and product offerings, fueling our continued growth and success.”
As Luminate celebrates this significant achievement, the company is more determined than ever to its commitment to ongoing innovation and improvement. By tackling the evolving challenges within the mortgage industry like regulatory shifts and economic fluctuations, Luminate is confidently positioned for further growth. Our growth and platform are being recognized across the industry, attracting significant interest from professionals eager to join our team. Luminate is always enhancing its market presence and fine-tuning its offerings to better serve the varied needs of its clients; it’s this proactive approach that ensures Luminate not only adapts to but leads the way in a dynamic financial environment.
For those interested in learning more about Luminate Home Loans or exploring homeownership opportunities, the company invites potential clients, branches, and employees to reach out. Whether you’re considering a partnership, looking to join our team, or seeking a trusted lender, we’re here to support and guide you every step of the way.
PRESS RELEASE: https://www.prnewswire.com/news-releases/luminate-home-loans-ascends-to-top-three-nationwide-amid-market-challenges-302256983.html
About Luminate Home Loans — With more than 25 years of expertise in the mortgage industry, Luminate Home Loans is a premier national mortgage company based in Minneapolis, Minnesota. The company boasts a robust network of 84 branches and more than 500 loan originators throughout the United States. Luminate Home Loans provides a wide range of financial solutions across 49 states, committed to making the mortgage process both accessible and understandable to all clients. This steadfast dedication ensures a seamless and supportive experience, emphasizing Luminate’s core mission of empowering homeowners nationwide. For more information, visit our website at www.goluminate.com .
Over the last year—despite widespread challenges in the mortgage industry revolving around fluctuating interest rates and economic uncertainty—Luminate Home Loans was still able to come out on top. The company elevated its funded loans to an impressive $2,784,500,000, which is a significant 229.70% increase from the previous year. This remarkable growth underscores Luminate's skillful navigation through these turbulent economic conditions and its unwavering commitment to excellence. Maintaining a loan approval rate of 70.50%, the company has continued to provide efficient and reliable support to homeowners across 49 states, solidifying its position as a leader in the mortgage industry.
“Achieving third in overall growth nationwide reflects more than our financial achievements; it represents the hard work and dedication of our entire team,” said Taryn Reuter, CEO and Co-Founder of Luminate Home Loans. “This milestone was only possible because of the deep trust our clients place in us, and our team honors that trust as a core value. It’s this relentless commitment and strategic approach to overcoming market challenges that allows us to provide exceptional service, support, and product offerings, fueling our continued growth and success.”
As Luminate celebrates this significant achievement, the company is more determined than ever to its commitment to ongoing innovation and improvement. By tackling the evolving challenges within the mortgage industry like regulatory shifts and economic fluctuations, Luminate is confidently positioned for further growth. Our growth and platform are being recognized across the industry, attracting significant interest from professionals eager to join our team. Luminate is always enhancing its market presence and fine-tuning its offerings to better serve the varied needs of its clients; it’s this proactive approach that ensures Luminate not only adapts to but leads the way in a dynamic financial environment.
For those interested in learning more about Luminate Home Loans or exploring homeownership opportunities, the company invites potential clients, branches, and employees to reach out. Whether you’re considering a partnership, looking to join our team, or seeking a trusted lender, we’re here to support and guide you every step of the way.
PRESS RELEASE: https://www.prnewswire.com/news-releases/luminate-home-loans-ascends-to-top-three-nationwide-amid-market-challenges-302256983.html
About Luminate Home Loans — With more than 25 years of expertise in the mortgage industry, Luminate Home Loans is a premier national mortgage company based in Minneapolis, Minnesota. The company boasts a robust network of 84 branches and more than 500 loan originators throughout the United States. Luminate Home Loans provides a wide range of financial solutions across 49 states, committed to making the mortgage process both accessible and understandable to all clients. This steadfast dedication ensures a seamless and supportive experience, emphasizing Luminate’s core mission of empowering homeowners nationwide. For more information, visit our website at www.goluminate.com .
Here at Luminate Home Loans, we’re always looking for ways to offer more value to our clients and partners. That’s why we’re thrilled to announce that we’re now a wholly owned subsidiary of Luminate Bank®—and soon, we’ll officially transition under the Luminate Bank® name.
For years, homebuyers have been hoping for a return to the ultra-low mortgage rates seen during the pandemic. But as we move through 2025, it’s becoming increasingly clear that today’s rates—hovering between 6% and 8%—aren’t going anywhere.
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
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Luminate Bank
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