Michael Stoddart Announced as New President for Luminate Home Loans

MINNEAPOLIS, MINN. (DECEMBER 2022) — More growth is happening at Luminate Home Loans, as the company recently announced that Michael Stoddart will be the new President of the company starting December 12, 2022.

With 32+ years in the mortgage business, Stoddart is a proven leader. He possesses strong technical skills and amazing forward-thinking insights that will elevate and bring value to Luminate and its team. He has a remarkable ability to assess and digest what is going on in the market, sense opportunities, and knows how to execute those opportunities collaboratively and effectively. Luminate is confident that with the addition of Stoddart and the current senior leadership team’s commitment, the company will continue to grow and flourish.

"Mike truly is one of the greatest leaders and mentors in our industry," says Eric Lovins, former President and current Co-Creator, Founder, and Owner of Luminate. "I have personally worked with him for over 7 years, and I have seen him demonstrate these skills and more on many occasions. I just know that this journey will bring a higher level of achievement and fulfillment to all of us."

“I can’t begin to tell you how excited I am to be working alongside the team at Luminate,” says Stoddart, the new President of Luminate Home Loans. “The culture and platform Luminate has provided to all of our employees—new and old—is unique, and is definitely something to be grateful for. I'm excited to be bringing on three more production divisions to Luminate, as well! We will have a lot of infrastructure to build out to accommodate our newer, larger family, and as we do so, it will position us perfectly for the future.”

To learn more about Luminate Home Loans and any further updates, please visit the company’s website at GoLuminate.com or follow them on social media.

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Luminate Home Loans is a national mortgage lending company that has been in business since 1998. Luminate’s mission is to help unlock people’s full potential through finances and to make lending approachable by bringing transparency and consistency to every part of the client experience. Luminate’s headquarters are located in Minneapolis, Minn.