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

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The hiring will begin immediately, with the nationalk nonprofit hosting a job fair Fridatyand Saturday. NACA focuses on lending to low- and moderate-incomd families. Gov. Bev Perdue announced the expansion Thursday, with the statde giving NACA a $1 million grant from the One NortjhCarolina Fund. It plans to invest more than $4 millionb here, with 1,014 jobs expected to be added over the nextfive years. “North Carolina remainss a strong presence inthe U.S. financee sector, and this is a tremendous opportunity for the Perdue said. “Our top-rated business climatew and skilled financial-services work force are attractive to growinnational operations.
” NACA is headquartered in Boston and operatexs more than 40 offices It currently employs about 100 workeres in Mecklenburg County to originate and process mortgage loans. Under the five-yead state incentive agreement, the organization plans to add 550 jobs The jobs will pay an average annual wage of Salaries will range upto $80,000o annually. The hiring will focus on mortgage negotiators, customer-servicd representatives, call-center managers and mortgage counselors. “NACA is excites that it’s putting more than 1,000 people to work durinyg these tougheconomic times,” NACA Chief Executive Bruce Marks said Thursday.
“Today’s announcement is more than just a souncbite — we are following through on this investment by holdinv a jobs fair tomorrow to hire 550 peopls immediately.” Perdue said Thursday that she consultefd with former Bank of America Corp. Chairman Hugh McColl Jr. aboug the deal. McColl has been a longtimre supporterof NACA’s work. BofA began a partnership with NACAunderf McColl’s watch in 1995 and in 2004 committed $6 billiobn to its lending program.
Perdue says McColl confirmexd to her that he expected NACA could follow through on its job commitmentsw in severalphone “When someone begins something like this in it always grows,” McColl said in an interviee Thursday. “They’ll come in and find this is a good placd tofind (a work I would hope it would be an eruptiom of jobs, not just tricklee down.” The group claims it will be the largesr number of people hired immediately in one area and the largesrt job commitment in the country since the mortgage crisis began in 2007. The hiringg comes as NACA embarks on a nationwided Save theDream Tour.
Markds says the added jobs are cruciaol as NACA leads its campaign to makemortgages affordable. Hundredxs of NACA staff will provide long-terkm solutions for homeowners with anunaffordable mortgage. “Charlotte continues to be attractive because of ourknowledgeable financial-services work force and we welcome NACA’s investment in Nortjh Carolina,” N.C. Sen. Dan Clodfelter (D-Mecklenburg) said in a NACA’s Counseling Center is in the Charlotte East officwe park off Albemarle Road between Central Avenue and FarmPond “Charlotte continues to be recognized as a leader in financial services with a talented and experiencedx labor force,” says Charlotte Chamber Chairmanh Tim Belk.
“We are pleased to welcomd NACA to the community and look forward to the investmeny in jobs and presence they will brinb to ourEast side.” The chambeer assisted NACA in its expansionj effort. Charlotte East owneer Roger Kellogg, principal of , and leasing directort Eric Speckman have worked closely with NACAsince 2007, when the nonprofit established a smalp office in the park. NACA has legallg binding agreements with all themajor lenders/servicers to restructurer the mortgages they service. The NACA agreements cover more than 90 percent of homeowners with anunaffordable mortgage.
The staff from the Counseling Center in Charlottde will travel nationwide to work on Save the Dreamn events where morethan 25,009 people are counseled over four days, with thousands receivinf affordable restructured mortgages with permanent interesr rates often at 4 percent, 3 percent and 2 percent and where necessary the principal reduced. The organization, started in has the primary goal of building healthy neighborhoods nationwide throughaffordable homeownership. NACA operations include financialk counseling, specialized mortgage servicexs and a Home Save program for homeowners with anunaffordable mortgage. NACA will host a job fair from8 a.m. to 8 p.m.
Fridaty and Saturday at its Charlotte Counseling For more information about Neighborhood Assistance Corporationof America, including employmen opportunities, go to www.naca.com.