Mortgage Compensation Analyst

Position Title:                 Mortgage Compensation Analyst – Human Resources

Position Reports To:       Director - Human Resources

Location/Branch:           Minneapolis, MN or Remote

Luminate Bank is redefining what modern banking can be. In just five years under its current leadership, the company has grown from a $62 million community bank into a $500 million financial institution, the fastest-growing state-chartered bank, while building one of the fastest-growing mortgage platforms in the country.   

The momentum has been extraordinary:  

• Grew bank assets from $62 million to $500 million in five years- the fastest-growing state-chartered bank  

• Ranked a 2026 Top Workplace in Minnesota by the Star Tribune and #1 among large companies in Colorado Top Workplaces 2026  

• Named a 2026 Top Workplaces Culture Excellence winner in eight categories and a Top Workplace nationally in Financial Services  

• Surpassed $4 billion in mortgage originations in 2025  

• Ranked among the Top 30 Mortgage Lenders nationally by Scotsman Guide  

• Maintain a 4.9-star average rating across 45,000+ customer reviews  

• Recognized by Freddie Mac with two 2026 Home Possible RISE Awards® for Greatest Volume and Fastest Growth  

• Honored by the Minnesota Mortgage Association as 2025 Leaders of the Year  

But the story is bigger than growth metrics and awards. Luminate Bank is building a culture designed for ambitious, high-performing people who want to shape the future of banking. We move quickly, think boldly, and invest deeply in our people. Innovation, accountability, collaboration, and customer experience are at the center of everything we do.  

What began as a rapidly growing lending and banking platform is now entering its next phase: building a nationally recognized financial brand that redefines how modern banking is experienced. For leaders who want the opportunity to build, scale, and leave a lasting impact, this is a rare moment to join a company with startup energy, national momentum, and a long runway ahead.  

Position Overview: We are seeking an experienced Mortgage Compensation Analyst with a strong background in the mortgage industry to support the needs of our business and employees. The ideal candidate will be responsible for implementing HR strategies and initiatives aligned with the overall business strategy, enhancing employee engagement, and ensuring compliance with all relevant regulations.

Key Responsibilities:

• Production Onboarding: Collaborate with branch and divisional leaders, executing new hire offers and compliant compensation agreements.
• Compensation Planning & Reconciliation: Administer and modify, as needed, compensation agreements. Reconcile timely and accurate commission, bonus calculations and payouts.
• HR Support: Take part in the development and implementation of HR strategies that support the company’s goals and objectives.
• Talent Acquisition: Support the recruitment process to attract and retain top talent within the mortgage industry.
• Employee Relations: Foster a positive work environment through effective employee relations programs and conflict resolution.
• Performance Management: Implement performance management systems to ensure employees meet their goals and contribute to the company’s success.
• Compliance: Ensure compliance with all federal, state, and local industry, employment laws and regulations.

Qualifications:

• Experience: Minimum of 5 years of HR experience, with at least 3 years in a HR role within the mortgage industry.
• Certifications: Professional HR certification (e.g., SHRM-SCP, SPHR) is highly desirable.
• Skills:
  • Preference of knowledge of Incentive Compensation (CompenSafe) by nCino system
  • Strong knowledge of HR best practices and employment laws.
  • Excellent leadership and management skills.
  • Exceptional communication and interpersonal skills.
  • Ability to develop and implement HR strategies that align with business goals.

Benefits:

• Competitive total compensation package reliant on skills and experience.
• Excellent benefits package including health, dental & vision.
• Life and AD&D Insurance, as well as additional voluntary benefit possibilities.
• 401K with robust company match.
• Generous Flexible PTO Program.
• The opportunity to work with the Midwest’s fastest growing mortgage lender.

We are an equal opportunity employer and value diversity in our company. We do not discriminate based on race, religion, color, national origin, gender, sexual orientation, age, marital status, Veteran status, or disability status.

How to Apply: Interested candidates should submit their resume to Karla Beinborn at karla.beinborn@goluminate.com.

Compensation: $80,000 - $90,000 annual