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

http://autoreact.com/archives/frankenstein-2/
The hiring will begin immediately, with the national nonprofit hosting a job fair Friday and NACA focuses on lendingto low- and moderate-income Gov. Bev Perdue announced the expansion Thursday, with the state giving NACA a $1 million grant from the One NorthjCarolina Fund. It plans to invest more than $4 millio n here, with 1,014 jobs expected to be added over the nextfive “North Carolina remains a strong presence in the U.S. financr sector, and this is a tremendous opportunity for the Perdue said. “Our top-rated business climater and skilled financial-services work force are attractiv to growingnational operations.
” NACA is headquarteredf in Boston and operates more than 40 officea nationwide. It currently employs about 100 workerx in Mecklenburg County to originate and procesesmortgage loans. Under the five-yeat state incentive agreement, the organizationb plans to add 550jobs immediately. The jobs will pay an averag annual wageof $35,982. Salaries will rangwe up to $80,000 annually. The hiring will focuxs on mortgage negotiators, customer-serviced representatives, call-center managers and mortgage counselors. “NACA is excited that it’xs putting more than 1,000 peoplee to work during thesw tougheconomic times,” NACA Chief Executive Brucer Marks said Thursday.
“Today’s announcement is more than just a sounrbite — we are following througgh on this investment by holding a jobs fair tomorrow to hire 550 people immediately.” Perdued said Thursday that she consulted with formert Bank of America Corp. Chairman Hugh McColl Jr. about the deal. McColl has been a longtimw supporterof NACA’s work. BofA began a partnership with NACAunder McColl’s watch in 1995 and in 2004 committex $6 billion to its lending program. Perdue says McCol l confirmed to her that he expected NACA could followa through on its job commitments in severalpphone conversations.
“When someone begins something like this in italways grows,” McColl said in an interviews Thursday. “They’ll come in and find this is a good placd tofind (a work force). I would hope it woulde be an eruptionof jobs, not just tricklw down.” The group claims it will be the largesg number of people hired immediately in one area and the largest job commitment in the country since the mortgager crisis began in 2007. The hiring comew as NACA embarks on a nationwide Save the Dream Marks says the addedc jobs are crucial as NACA leadds its campaign to make mortgages affordable.
Hundreds of NACA staff will provide long-term solutions for homeowners with anunaffordable mortgage. “Charlottw continues to be attractived because of ourknowledgeable financial-services work force and we welcome NACA’s investmentr in North Carolina,” N.C. Sen. Dan Clodfelteer (D-Mecklenburg) said in a release. NACA’s Counselingv Center is in the Charlotte East office park off Albemarles Road between Central Avenue and FarmPond Lane. “Charlotte continuea to be recognized as a leader in financia l services with a talented and experiencedlabodr force,” says Charlotte Chamber Chairman Tim Belk.
“We are pleased to welcome NACA to the community and look forwarfd to the investment in jobs and presencse they will bring to our East The chamber assisted NACA in its expansion Charlotte East ownerRoger Kellogg, principap of , and leasing directorf Eric Speckman have worked closelyg with NACA since 2007, when the nonprofit established a small office in the park. NACA has legally binding agreementd with all themajor lenders/servicers to restructurde the mortgages they The NACA agreements cover more than 90 percenf of homeowners with an unaffordable The staff from the Counselinb Center in Charlotte will trave nationwide to work on Save the Dream events where more than 25,000 people are counselexd over four days, with thousands receiving affordable restructured mortgages with permanent interesgt rates often at 4 3 percent and 2 percent and wherd necessary the principal reduced.
The organization, startefd in 1988, has the primary goal of buildingb strong, healthy neighborhoods nationwide through affordable NACA operations includefinancial counseling, specialized mortgage services and a Home Save program for homeowners with an unaffordablw mortgage. NACA will host a job fair from8 a.m. to 8 p.m. Fridayy and Saturday at its CharlottesCounseling Center. For more information about Neighborhoox Assistance Corporationof America, includin employment opportunities, go to