Bob Elliot
Senior Loan Officer
NMLS #2657264
My Client First Philosophy!
It is my experience as a mortgage professional, that providing the very best service is essentially knowing the tasks and activities needed that place my clients first while helping them reach their goals and dreams. This means keeping myself accessible, being a good listener as well as a good communicator, responding quickly to needs, utilizing the latest technologies, and access to a high-quality professional network.
My expertise in mortgage finance provides home buyer's and homeowners information and services that build personal strategies and solutions to help them make informed decisions. I have decades of hands-on experience in the industry.
1992-1994 Firstar Bank
• Top Loan Officer in the Region
• My best year in originations -274 loans
1994 North American Mortgage- Community Lending Branch Manger
1995-1996 Knutson Mortgage - Branch Manager elevated to District Manager
• Top Loan Officer in the State
• Most profitable cost Center in the company
• $500,000 underwriting authority
• Developed loan programs for the Company to originate for private investors
• Recruited more loan officers than the other 31 branches combined
• Served on the Mergers & Acquisitions Committee for the company
1997-2007 First Residential Mortgage – CEO
• Grew to over 70 employees
• Closed an average of 1800 loans per year
• Developed a portfolio loan program for Intersavings Bank largely impacting the banks
growth to a billion-dollar bank resulting in national recognition
• Underwriting authority for MHFA Loans with Inter Savings Bank
• #1 Lender in the State for 1st Buyers
• #1 Lender in the State for Households of color
• #1 Lender in the state for MHFA over 30% of their total business
• My best year in personal loan origination 383 loans
Community Activity:
Affordable Housing Committee Member 1992
Affordable Housing Committee Chairman 1993
Affordable Homes Congress Co-founder 1994
Affordable Housing Committee Vice Chairman 1995
Mortgage Association of MN Board of Directors Member 1998-2001 / 2003-2006
Fannie Mae Lender Advisory Committee Member 1998-2003
Affordable Housing Committee Chairman 1993, 1998-2001
Subcommittee Chairman Dedicated to Consumer Advocacy
Minnesota Housing and Finance Lender Advisory Committee 2002-2005
MNAR Forms Committee Member 2011-2015
MNAR Governmental Affairs 2014
Professional Standards committee Member 2018-2021
Multifamily Property Investing: Benefits, Risks, and Financing Explained
Apr 28, 2026
Multifamily properties offer multiple income streams, scalable returns, and long-term equity growth. Learn the benefits, risks, and financing options.
Homebuyers! The Down-Payment Isn't the Problem
Apr 24, 2026
Discover how to buy a home with a down-payment grant forgiven at closing.
What Rights Do You Have as a Homeowner? A Guide to Property Law Basics
Apr 21, 2026
Owning a home gives you a bundle of legal rights — but zoning laws, HOA rules, liens, and easements can limit them. Here's what every homeowner should know.
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Whether you're buying your first home, refinancing, or upgrading, I’m here to make the mortgage process smooth and stress-free. Let’s take the next step together — fast approvals, personalized service, and trusted guidance every step of the way.
