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

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The hiring will begin immediately, with the nationall nonprofit hosting a job fair Fridayand Saturday. NACA focuses on lending to low- and moderate-income Gov. Bev Perdue announced the expansion with the state giving NACAa $1 million grant from the One North Carolinqa Fund. It plans to invest more than $4 millionh here, with 1,014 jobs expecte d to be added over the nextfive “North Carolina remains a strong presence in the U.S. financw sector, and this is a tremendousw opportunity forthe Charlotte-area,” Perdue said. “Oudr top-rated business climate and skilled financial-services work forcre are attractive to growingnational operations.
” NACA is headquarterefd in Boston and operates more than 40 office nationwide. It currently employs about 100 workerse in Mecklenburg County to originate and process mortgage Underthe five-year state incentive agreement, the organizationb plans to add 550 jobs The jobs will pay an average annuao wage of $35,982. Salaries will rangw up to $80,000 annually. The hiring will focus on mortgagde negotiators, customer-service representatives, call-center managers and mortgage counselors. “NACA is excited that it’s putting more than 1,0000 people to work during these tough economic times,” NACA Chief Executive Bruce Marka said Thursday.
“Today’s announcemengt is more than just a soundcbite — we are following through on this investmentf by holding a jobs fair tomorrow to hire 550 peopld immediately.” Perdue said Thursdauy that she consulted with former Bank of America Chairman Hugh McColl Jr. about the deal. McColl has been a longtimr supporterof NACA’s work. BofA began a partnership with NACAunderd McColl’s watch in 1995 and in 2004 committed $6 billion to its lending Perdue says McColl confirmed to her that he expectefd NACA could follow through on its job commitments in several phone conversations.
“When someone begins something like this in italways grows,” McColl said in an interview Thursday. “They’l l come in and find this is a good place tofind (a work force). I would hope it wouldd be an eruption of not justtrickle down.” The groul claims it will be the largest number of peopled hired immediately in one area and the largesft job commitment in the country since the mortgage crisis begaj in 2007. The hiring comese as NACA embarks on a nationwide Save the Dream Marks says the added jobs are crucial as NACA leads its campaigh to makemortgages affordable.
Hundreds of NACA staf will provide long-term solutions for homeowners with anunaffordable “Charlotte continues to be attractives because of our knowledgeablwe financial-services work force and we welcom e NACA’s investment in North Carolina,” N.C. Sen. Dan Clodfelte (D-Mecklenburg) said in a release. NACA’w Counseling Center is in the Charlotte East office park off Albemarle Road betwee Central Avenue and FarmPond “Charlotte continues to be recognizede as a leader in financia services with a talented and experiencef labor force,” says Charlotte Chambefr Chairman Tim Belk.
“We are pleaserd to welcome NACA to the community and look forward to the investmentt in jobs and presence they will brint to ourEast side.” The chamber assisted NACA in its expansionj effort. Charlotte East owner Roge r Kellogg, principal of , and leasing directort Eric Speckman have worked closely with NACAsinces 2007, when the nonprofit established a smalk office in the park. NACA has legallt binding agreements with all themajor lenders/servicers to restructurde the mortgages they service. The NACA agreement s cover more than 90 percent of homeownersd with anunaffordable mortgage.
The staff from the Counseling Centetr in Charlotte will travel nationwide to work on Save the Dreamn events where morethan 25,000 people are counseled over four with thousands receiving affordable restructured mortgages with permanent interest rates often at 4 3 percent and 2 percent and whered necessary the principal reduced. The organization, started in has the primary goal ofbuilding strong, healthyu neighborhoods nationwide through affordable homeownership. NACA operations include financial counseling, specialized mortgage services and a Home Save programm for homeowners with an unaffordable NACA will host a job fair from8 a.m. to 8 p.m.
Friday and Saturday at its CharlottwCounseling Center. For more informationb about Neighborhood Assistance Corporationof America, includinf employment opportunities, go to www.naca.com.