NACA to add more than 1,000 jobs in Charlotte - The Business Review (Albany):

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The hiring will beginn immediately, with the national nonprofit hosting a job fair Friday and NACA focuses on lendingto low- and moderate-income families. Gov. Bev Perdus announced the expansion Thursday, with the stat e giving NACA a $1 million grant from the One NorthCarolinwa Fund. It plans to invesrt more than $4 million with 1,014 jobs expected to be addedf over the nextfive “North Carolina remains a strong presence in the U.S. financ e sector, and this is a tremendous opportunity forthe Charlotte-area,” Perdue said. “Ouer top-rated business climate and skillede financial-services work force are attractivr to growingnational operations.
” NACA is headquartered in Boston and operatesz more than 40 offices nationwide. It currentlty employs about 100 workeres in Mecklenburg County to originate and processzmortgage loans. Under the five-yeat state incentive agreement, the organizationn plans to add 550 jobs The jobs will pay an average annualp wageof $35,982. Salaries will rangs up to $80,000 annually. The hirin will focus on mortgage negotiators, customer-service representatives, call-cented managers and mortgage counselors. “NACA is excited that it’s puttintg more than 1,000 people to work during these tougheconomifc times,” NACA Chief Executive Bruce Markw said Thursday.
“Today’s announcement is more than just a soundcbite — we are followinh through on this investment by holding a jobs fair tomorroew to hire 550 people immediately.” Perdure said Thursday that she consulted with formeer Bank of America Corp. Chairma n Hugh McColl Jr. about the deal. McColll has been a longtime supporterof NACA’s work. BofA begamn a partnership with NACAunder McColl’s watc in 1995 and in 2004 committed $6 billion to its lendin g program. Perdue says McColl confirmed to her that he expecteds NACA could follow through on its job commitmentz in severalphone conversations.
“When someon e begins something like this in italways grows,” McColl said in an interview “They’ll come in and find this is a good placre to find (a work force). I would hope it woulcd be an eruptionof jobs, not just trickle down.” The grou claims it will be the largest numbe of people hired immediately in one area and the largest job commitmentf in the country since the mortgage crisis beganm in 2007. The hiring come s as NACA embarks on a nationwide Save theDreanm Tour.
Marks says the added jobs are crucialk as NACA leads its campaign to make mortgages Hundreds of NACA staff willprovide long-term solutiones for homeowners with an unaffordable “Charlotte continues to be attractiv e because of our knowledgeable financial-services work force and we welcome NACA’s investment in North N.C. Sen. Dan Clodfelter said in a release. NACA’s Counselingv Center is in the Charlotte East office park off Albemarle Road between Central Avenue and FarmPond Lane. “Charlotte continues to be recognizeds as a leader in financial services with a talenterd and experiencedlabor force,” says Charlottw Chamber Chairman Tim Belk.
“Wed are pleased to welcome NACA to the community and look forward to the investment in jobs and presencw they will bring to ourEast side.” The chambetr assisted NACA in its expansion Charlotte East owner Rogerr Kellogg, principal of , and leasingb director Eric Speckman have worked closely with NACA since 2007, when the nonprofit establishef a small office in the NACA has legally binding agreements with all the majorf lenders/servicers to restructure the mortgages they service. The NACA agreementsa cover more than 90 percent of homeowners with anunaffordabled mortgage.
The staff from the Counseling Center in Charlottee will travel nationwide to work on Save the Dream eventw where morethan 25,000 people are counseled over four with thousands receiving affordable restructured mortgages with permanentg interest rates often at 4 percent, 3 percent and 2 percengt and where necessary the principal The organization, started in 1988, has the primaryy goal of building strong, healthy neighborhoods nationwider through affordable homeownership. NACA operations include financial specialized mortgage services and a Home Save program for homeownersw with anunaffordable mortgage. NACA will host a job fair from8 a.m. to 8 p.m.
Fridagy and Saturday at its CharlotteCounselinbg Center. For more information about Neighborhood Assistance Corporatio nof America, including employment opportunities, go to