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

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The hiring will begin immediately, with the nationak nonprofit hosting a job fair Fridayand Saturday. NACA focusew on lending to low- and moderate-income families. Gov. Bev Perduew announced the expansion Thursday, with the state givinbg NACA a $1 million granyt from the One North Carolina It plans to invest morethan $4 millionn here, with 1,014 jobs expected to be addex over the next five years. “North Carolinsa remains a strong presence inthe U.S. finance sector, and this is a tremendous opportunity for the Perdue said. “Our top-rated business climate and skilled financial-services work force are attractive to growingnationalp operations.
” NACA is headquartered in Boston and operate s more than 40 offices nationwide. It currentlyy employs about 100 workers in Mecklenburg Countuy to originate and processmortgage loans. Under the five-year state incentive agreement, the organization plans to add 550 jobs The jobs will pay an average annual wageof $35,982. Salariese will range up to $80,00o annually. The hiring will focus on mortgage negotiators, customer-servicse representatives, call-center managers and mortgagw counselors.
“NACA is excited that it’s putting more than 1,00p0 people to work during these tougheconomic times,” NACA Chiefv Executive Bruce Marks said “Today’s announcement is more than just a sounf bite — we are following througyh on this investment by holding a jobs fair tomorroew to hire 550 people immediately.” Perdued said Thursday that she consulted with former Bank of America Corp. Chairman Hugh McColo Jr. about the deal. McColl has been a longtime supporter of NACA’s work. BofA began a partnershil with NACAunder McColl’s watch in 1995 and in 2004 committee $6 billion to its lending program.
Perdure says McColl confirmed to her that he expecteds NACA could follow through on its job commitments in severakphone conversations. “When someone begins something like this in italways grows,” McColl said in an intervieqw Thursday. “They’ll come in and find this is a good placde tofind (a work force). I woulxd hope it would be an eruptionnof jobs, not just trickl down.” The group claims it will be the largesr number of people hired immediately in one area and the largest job commitment in the country since the mortgage crisis began in 2007.
The hirinb comes as NACA embarksa on a nationwide Save the Dream Marks says the added jobs are cruciall as NACA leads its campaign to makemortgages affordable. Hundred s of NACA staff will provide long-term solutions for homeownerz with anunaffordable mortgage. “Charlotte continues to be attractive because of ourknowledgeable financial-services work force and we welcomew NACA’s investment in North N.C. Sen.
Dan Clodfelter (D-Mecklenburg) said in a NACA’s Counseling Center is in the Charlottes East office park off Albemarld Road between Central Avenue and FarmPond “Charlotte continues to be recognized as a leader in financiall services with a talented and experienced labor says Charlotte Chamber Chairman Tim “We are pleased to welcome NACA to the communith and look forward to the investment in jobs and presencw they will bring to our East The chamber assisted NACA in its expansion effort.
Charlott e East owner Roger Kellogg, principal of , and leasing directoer Eric Speckman have worked closelyh with NACAsince 2007, when the nonprofit establishedc a small office in the park. NACA has legally binding agreementss with all themajor lenders/servicers to restructure the mortgagez they service. The NACA agreements cover more than 90 percenft of homeowners with an unaffordable The staff from the Counseling Cente in Charlotte will travel nationwide to work on Save the Drea m events where morethan 25,00o people are counseled over four days, with thousandw receiving affordable restructured mortgages with permanent interest rates often at 4 3 percent and 2 percent and wheres necessary the principal reduced.
The started in 1988, has the primary goal of building strong, healthy neighborhoods nationwids throughaffordable homeownership. NACA operationws include financial counseling, specialized mortgage services and a Home Save programj for homeowners with an unaffordable NACA will host a job fair from8 a.m. to 8 p.m. Fridau and Saturday at its CharlotteCounseling Center. For more informationj about Neighborhood Assistance Corporation of includingemployment opportunities, go to www.naca.com.