News & Updates
Check back here for more news and updates from Luminate Bank! We'll continuously update this page with new information, so make sure to bookmark the page and check back frequently.
Luminate Bank is proud to welcome the NJ Lenders Team, a leading East Coast home lending organization, to the Luminate Bank community, integrating its home lending expertise into the Luminate Bank brand.
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.
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
Blog
The mortgage world just took a major step forward in protecting consumers and mortgage professionals alike. In a unanimous 46-0 vote, the House Financial Services Committee approved H.R. 2808, a bipartisan legislation aimed at ending the misuse of mortgage “trigger leads.”
When prices go up and your paycheck doesn’t go quite as far, it’s easy to feel overwhelmed. But a tighter budget doesn’t have to mean a tighter life.
If you’ve been noticing more “for sale” signs in your neighborhood, you’re not going crazy, we promise. Housing inventory has reached a recent high, and if your first question was “Is the market about to crash,” well, you’re not alone.
Staying organized doesn’t require you to flip-flop between a handful of banks or complicated spreadsheets. With the right tools, you can keep your budget in check, all in one place. Here’s how to sort your money, stay focused on your goals, and simplify your financial life—without the chaos.
Spring is officially here, and with it comes fresh starts, longer days, and open house signs blooming like tulips across neighborhoods. With mortgage rates holding around 6.88%, you might have expected the housing market to stay quiet.
Let’s break down what’s really going on in today’s real estate market and what you can do to help your home stand out and sell faster.
Let’s be real—2024 wasn’t exactly the year of easy homebuying. Between rollercoaster mortgage rates, low housing supply, and rising prices, it made perfect sense that nearly 70% of buyers hit pause on their plans.
From first-time homebuyers looking to stop renting to seasoned investors expanding their portfolios, real estate offers powerful advantages over the stock market—especially in 2025. Let’s take a closer look at why now is the time to make your move.
At Luminate Bank, we believe knowledge is power, especially when it comes to your financial decisions. Let’s take a look at how tariffs are creating a “perfect storm” for the housing market — and what that means for you.
Luminate Bank is proud to welcome the NJ Lenders Team, a leading East Coast home lending organization, to the Luminate Bank community, integrating its home lending expertise into the Luminate Bank brand.
Let’s be honest: looking for a home over the past couple of years has been… a lot. But if you’ve been sitting on the sidelines, now might be the time to lace up your home-search shoes again—because the market is starting to shift in your favor.
A new FHA guideline was just released that could impact who’s eligible for FHA financing, and we want to make sure you have all the details.
