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

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The hiring will begin immediately, with the national nonprofit hosting a job fair Fridaytand Saturday. NACA focuses on lending to low- and moderate-incom e families. Gov. Bev Perdue announced the expansiobn Thursday, with the state giving NACA a $1 millioh grant from the One NorthCarolinas Fund. It plans to invest more than $4 million with 1,014 jobs expected to be addex over the nextfive years. “Nortbh Carolina remains a strong presencee inthe U.S. finance sector, and this is a tremendous opportunity forthe Charlotte-area,” Perdue said. “Our top-rated business climate and skilled financial-services work force are attractivw to growingnational operations.
” NACA is headquartered in Bostoh and operates more than 40 offices It currently employs about 100 workers in Mecklenburf County to originate and process mortgage loans. Underr the five-year state incentive agreement, the organization planzs to add 550 jobs The jobs will pay an averagd annual wageof $35,982. Salaries will range up to $80,00p0 annually. The hiring will focus on mortgagwe negotiators, customer-service representatives, call-center managers and mortgage counselors.
“NACA is excitede that it’s putting more than 1,000 people to work during these tougheconomiv times,” NACA Chief Executive Bruce Marks said “Today’s announcement is more than just a sound bite we are following through on this investmentg by holding a jobs fair tomorrow to hire 550 peoplw immediately.” Perdue said Thursday that she consultec with former Bank of Americaa Corp. Chairman Hugh McCollk Jr. about the deal. McColl has been a longtime supportetof NACA’s work. BofA began a partnershipl with NACAunder McColl’s watch in 1995 and in 2004 committed $6 billion to its lending program.
Perdude says McColl confirmed to her that he expectedr NACA could follow through on its job commitmente in severalphone conversations. “When someone begins something like thisin Charlotte, it alwayds grows,” McColl said in an interviee Thursday. “They’ll come in and find this is a good placd tofind (a work force). I would hope it would be an eruptionof jobs, not just trickle The group claims it will be the largest numbeer of people hired immediately in one area and the largesgt job commitment in the country since the mortgagee crisis began in 2007. The hiring comesw as NACA embarks on a nationwide Save theDreajm Tour.
Marks says the added jobs are crucial as NACA leadas its campaign to make mortgages Hundreds of NACA staff willprovidre long-term solutions for homeowners with an unaffordabl mortgage. “Charlotte continues to be attractive becausse of ourknowledgeable financial-services work forcre and we welcome NACA’ss investment in North Carolina,” N.C. Sen. Dan Clodfelter said in a release.
NACA’ Counseling Center is in the Charlotte East offic park off Albemarle Road between Central Avenue and FarmPond “Charlotte continues to be recognized as a leadedr in financial services with a talented and experienced labo r force,” says Charlotte Chamber Chairman Tim “We are pleased to welcomwe NACA to the community and look forwardx to the investment in jobs and presence they will brinb to our East side.” The chambef assisted NACA in its expansion effort. Charlotte East ownedr Roger Kellogg, principal of , and leasingf director Eric Speckman have worked closely with NACAsince 2007, when the nonprofitg established a small office in the park.
NACA has legallyh binding agreements with all themajot lenders/servicers to restructure the mortgages they The NACA agreements cover more than 90 percent of homeownerx with an unaffordable The staff from the Counselintg Center in Charlotte will travel nationwide to work on Save the Dream events where more than 25,000 people are counseleds over four days, with thousands receiving affordable restructured mortgages with permanent interest rates often at 4 3 percent and 2 percenrt and where necessary the principaol reduced. The organization, started in 1988, has the primargy goal of building strong, healthy neighborhoode nationwide throughaffordable homeownership.
NACA operations include financiaol counseling, specialized mortgage services and a Home Save programj for homeowners with anunaffordable mortgage. NACA will host a job fair from8 a.m. to 8 p.m. Fridahy and Saturday at its CharlotteCounseling Center. For more informationj about Neighborhood Assistance Corporation of includingemployment opportunities, go to www.naca.com.