MINNEAPOLIS, MINN. (June 1, 2026) — Luminate Bank® is proud to announce its inclusion in Scotsman Guide’s highly acclaimed 2026 Top Mortgage Lenders rankings, including recognition in the following categories:
- No. 36 Top Overall Mortgage Lender
- No. 26 Top Retail Mortgage Lender
- No. 45 Top Non-QM Mortgage Lender
- No. 37 Top FHA Mortgage Lender
- No. 41 Top VA Mortgage Lender.
Since 2013, Scotsman Guide’s Top Mortgage Lenders rankings have set the standard for organizational excellence in residential lending. Now in its second decade, these rankings are an industry benchmark trusted for nearly 20 years. The data goes through a verification process, making it the most comprehensive measure of performance in the mortgage space.
For the 2026 rankings, Scotsman Guide received entries from residential mortgage lenders across the country. Collectively, ranked lenders closed 2,120,340 loans totaling more than $750 billion in volume during 2025, underscoring the scale and significance of the ranked companies.
Luminate Bank’s recognition across multiple lending categories reflects its expertise spanning conventional, FHA, VA, and Non-QM lending. The achievement highlights the collective impact of the bank’s sales, operations, support staff, and leadership in driving growth while expanding access to home financing.
Long before the Luminate Bank name existed, the foundation for its story was established in 1937 with the opening of a Minnesota state-chartered bank, marking the beginning of its long history in banking services. In 2020, new ownership reimagined that legacy, launching Luminate Bank and Luminate Home Loans with a renewed focus on guiding customers through complex financial decisions with clarity and care. The organization took another step forward in 2025 by uniting under a single Luminate Bank brand, combining full-service banking with a strong mortgage platform. What began as a team of six has grown into a nationwide network of more than 700 professionals, with assets reaching $500 million and mortgage originations exceeding $4 billion. Most important is Luminate Bank’s mission to expand access to homeownership and support the individuals and families it serves through every step of their financial journey.
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.
About Scotsman Guide –
Scotsman Guide is the only platform built for mortgage professionals that combines vetted direct lenders, curated mortgage news and verified rankings. For more than 30 years, we have empowered mortgage professionals to make informed decisions and grow their business.
Our rankings are the gold standard in the mortgage profession. The data verification, comprehensive scope and a legacy of integrity that has made Scotsman Guide’s rankings the most sought-after distinctions in the industry.
All submissions require written verification of volume and closed loan data from a financial officer or a similar source. This process ensures that Scotsman Guide’s Top Mortgage Lenders rankings remain the most thoroughly reviewed and trusted of their kind. View the full Top Mortgage Lenders rankings at
scotsmanguide.com/rankings/top-mortgage-lenders.
Media Contact
Debbie Schwake, CMO
debbie.schwake@luminate.bank
952-698-3300
