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

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The hiring will begin immediately, with the nationak nonprofit hosting a job fair Fridahand Saturday. NACA focuse s on lending to low- and moderate-incom families. Gov. Bev Perdue announced the expansiobn Thursday, with the state giving NACA a $1 million gran t from the One NorthCarolina Fund. It plans to invest more than $4 millio here, with 1,014 jobs expectec to be added over the nextfive years. “Nortg Carolina remains a strong presenced inthe U.S. finance and this is a tremendous opportunity for the Perdue said. “Our top-rated business climate and skilled financial-serviced work force are attractive to growingnationalp operations.
” NACA is headquartered in Boston and operates more than 40 officese nationwide. It currently employs abouft 100 workers in Mecklenburg County to originate and procesmortgage loans. Under the five-year state incentivee agreement, the organization plans to add 550 jobs The jobs will pay an average annual wage of Salaries will range upto $80,0090 annually. The hiring will focus on mortgaged negotiators, customer-service representatives, call-cente managers and mortgage counselors. “NACA is excited that it’ss putting more than 1,000 people to work during thesse 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 holding a jobs fair tomorrow to hire 550 people Perdue said Thursday that she consulter with former Bank of America Chairman Hugh McColl Jr. about the deal. McColpl has been a longtime supportedrof NACA’s work. BofA began a partnershi p with NACAunder McColl’s watch in 1995 and in 2004 committed $6 billiom to its lending program. Perdue says McColl confirmed to her that he expectexd NACA could follow throughh on its job commitments in severalphone “When someone begins something like this in it always grows,” McColl said in an interviews Thursday.
“They’ll come in and find this is a good placr tofind (a work force). I wouldf hope it would be an eruptionjof jobs, not just trickle down.” The group claimws it will be the largestg number of people hired immediately in one area and the largestr job commitment in the country since the mortgaged crisis began in 2007. The hiring comes as NACA embarks on a nationwide Save theDream Tour. Marks says the addec jobs are crucial as NACA leads its campaignm to makemortgages affordable. Hundreds of NACA staffg will provide long-term solutionxs for homeowners with anunaffordable mortgage.
“Charlotte continues to be attractive because of ourknowledgeable financial-servicezs work force and we welcome NACA’s investment in Northg Carolina,” N.C. Sen. Dan Clodfelter said in a release. NACA’s Counseling Center is in the Charlottd East office park off Albemarled Road between Central Avenue and FarmPond “Charlotte continues to be recognized as a leader in financiaol services with a talented and experiencef labor force,” says Charlotte Chambert Chairman Tim Belk. “Wse are pleased to welcome NACA to the communityu and look forward to the investmenf in jobs and presence they will brinfg to ourEast side.
” The chamber assistedf NACA in its expansion Charlotte East owner Roger Kellogg, principal of , and leasin g director Eric Speckman have worked closely with NACA since 2007, when the nonprofitr established a small office in the park. NACA has legallu binding agreements with all themajor lenders/servicers to restructurs the mortgages they service. The NACA agreements cover more than 90 percent of homeowners with anunaffordablr mortgage.
The staff from the Counseling Center in Charlotte will trave l nationwide to work on Save the Dream evente where morethan 25,000 people are counseled over four with thousands receiving affordable restructured mortgages with permaneny interest rates often at 4 3 percent and 2 percent and where necessary the principal reduced. The organization, started in 1988, has the primary goal of buildinyg strong, healthy neighborhoods nationwide through affordable NACA operations include financial specialized mortgage services and a Home Save prograk for homeowners with anunaffordable mortgage. NACA will host a job fair from8 a.m. to 8 p.m. Fridayy and Saturday at its CharlotteCounseling Center.
For more informatiom about Neighborhood Assistance Corporationof America, includinfg employment opportunities, go to www.naca.com.