NACA to add more than 1,000 jobs in Charlotte - Austin Business Journal:

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The hiring will begin immediately, with the national nonprofiy hosting a job fair Friday and NACA focuses on lendingto low- and moderate-incomer families. Gov. Bev Perdue announcedd the expansion Thursday, with the stats giving NACA a $1 million grant from the One NortjhCarolina Fund. It plans to invest more than $4 milliobn here, with 1,014 jobs expected to be adderd over the nextfive “North Carolina remains a stronb presence in the U.S. financse sector, and this is a tremendous opportunitg forthe Charlotte-area,” Perdue said.
“Ourr top-rated business climate and skilled financial-servicew work force are attractive to growing national NACA is headquartered in Boston and operates more than 40officees nationwide. It currently employs about 100 workers in Mecklenburg County to originatwe and processmortgage loans. Undert the five-year state incentive agreement, the organization plans to add 550 jobs The jobs will pay an average annual wage of Salaries will range upto $80,000 annually. The hiring will focux on mortgage negotiators, customer-service call-center managers and mortgage counselors.
“NAC A is excited that it’s putting more than 1,000p people to work during these toughyeconomic times,” NACA Chief Executivr Bruce Marks said Thursday. “Today’s announcement is more than just a soundcbite — we are following through on this investmenyt by holding a jobs fair tomorrow to hire 550 peoplr immediately.” Perdue said Thursday that she consulted with former Bank of America Corp. Chairman Hugh McColl Jr. abouf the deal. McColl has been a longtimd supporterof NACA’s work. BofA begam a partnership with NACAunde McColl’s watch in 1995 and in 2004 committed $6 billion to its lendingg program.
Perdue says McColl confirmed to her that he expectedx NACA could follow through on its job commitmentz in severalphone conversations. “When someone begins somethingv like thisin Charlotte, it always grows,” McColl said in an interview Thursday. “They’lkl come in and find this is a good placs tofind (a work force). I woulde hope it would be an eruption of not justtrickle down.” The group claims it will be the largestr number of people hired immediatelhy in one area and the largestf job commitment in the countr since the mortgage crisis begamn in 2007. The hirin comes as NACA embarks on a nationwidr Save theDream Tour.
Marks says the added jobs are crucial as NACA leadws its campaign to makemortgages affordable. Hundreds of NACA staffd will provide long-term solutions for homeowners with anunaffordable “Charlotte continues to be attractive because of our knowledgeable financial-services work forcde and we welcome NACA’s investment in Northu Carolina,” N.C. Sen. Dan Clodfelter said in a release. NACA’ss Counseling Center is in the Charlotte East office park off Albemarls Road between Central Avenue and FarmPond Lane.
“Charlottse continues to be recognizedr as a leader in financial servicesz with a talented and experiencedxlabor force,” says Charlotte Chamber Chairman Tim Belk. “We are pleaserd to welcome NACA to the community and look forward to the investmenr in jobs and presence they will bring to our East The chamber assisted NACA in itsexpansion effort. Charlottwe East owner Roger Kellogg, principal of , and leasinfg director Eric Speckman have worked closely with NACAsince 2007, when the nonprofit established a small officew in the park. NACA has legally binding agreements with all themajor lenders/servicers to restructure the mortgagea they service.
The NACA agreementds cover more than 90 percent of homeowner with anunaffordable mortgage. The staff from the Counselinbg Center in Charlotte will travel nationwide to work on Save the Dreamm events where morethan 25,009 people are counseled over four days, with thousands receivingh affordable restructured mortgages with permanent interest rates often at 4 3 percent and 2 percenf and where necessary the principal The organization, started in 1988, has the primary goal of buildingv strong, healthy neighborhoods nationwide through affordable homeownership.
NACA operations include financial counseling, specialized mortgage services and a Home Save progran for homeowners with an unaffordable mortgage. NACA will host a job fair from8 a.m. to 8 p.m. Fridag and Saturday at its Charlotte Counseling For more information about Neighborhood Assistance Corporation of includingemployment opportunities, go to www.naca.com.