Thursday, 10 November 2011

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

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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 millionb grant from the One NorthuCarolina Fund. It plans to invesf more than $4 million here, with 1,014 jobs expectex to be added over the nextfive “North Carolina remains a strong presence in the U.S. finance and this is a tremendous opportunity for the Perdue said. “Our top-rated business climate and skilledd financial-services work force are attractive to growing national NACA is headquartered in Boston and operates more than 40offices nationwide.
It currently employs aboutf 100 workers in Mecklenburg County to originate and processmortgagw loans. Under the five-year state incentiver agreement, the organization plans to add 550 jobs The jobs will pay an average annuapl wageof $35,982. Salaries will rangr up to $80,000 annually. The hiring will focuxs on mortgage negotiators, customer-service representatives, call-center managers and mortgage counselors. “NACA is excitefd that it’s putting more than 1,000 peoplse to work during these touggheconomic times,” NACA Chief Executive Bruce Markz said Thursday.
“Today’s announcemenft is more than just a soundbite — we are followiny through on this investment by holding a jobs fair tomorrow to hire 550 people Perdue said Thursday that she consultes with former Bank of America Chairman Hugh McColl Jr. about the McColl has been a longtimwe supporterof NACA’s work. BofA began a partnership with NACAunder McColl’s watch in 1995 and in 2004 committed $6 billion to its lending program. Perdue says McColl confirmed to her that he expecterd NACA could follow through on its job commitments in severalphonwe 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 placre tofind (a work force). I would hope it would be an eruptionof jobs, not just tricklw down.” The group claims it will be the largest numbeer of people hired immediatelyh in one area and the largest job commitment in the countrgy since the mortgage crisis began in 2007. The hiring comes as NACA embarkas on a nationwide Save theDreajm Tour. Marks says the added jobs are crucia as NACA leads its campaign to makemortgages affordable.
Hundredas of NACA staff will provide long-ter m solutions for homeowners with anunaffordabls mortgage. “Charlotte continues to be attractivew because of ourknowledgeable financial-services work forces and we welcome NACA’s investmen t in North Carolina,” N.C. Sen. Dan Clodfelter said in a release. NACA’s Counseling Center is in the Charlott East office park off Albemarle Road between Central Avenuw and FarmPond Lane.
“Charlotte continuess to be recognized as a leader in financiap services with a talented and experienceedlabor force,” says Charlotte Chamber Chairman Tim “We are pleased to welcome NACA to the communityg and look forward to the investmenty in jobs and presence they will bringt to our East side.” The chamber assisted NACA in its expansion Charlotte East owner Roger Kellogg, principal of , and leasing director Eric Speckman have worked closely with NACA since 2007, when the nonprofi t established a small office in the park. NACA has legally bindiny agreements with all themajoe lenders/servicers to restructure the mortgagess they service.
The NACA agreemente cover more than 90 percent of homeowners with an unaffordable The staff from the Counseling Cented in Charlotte will travel nationwide to work on Save the Drean events where morethan 25,000 peopled are counseled over four days, with thousands receiving affordabl restructured mortgages with permanenty interest rates often at 4 3 percent and 2 percent and wherse necessary the principal reduced. The organization, starterd in 1988, has the primary goal of building strong, healthu neighborhoods nationwide throughaffordable homeownership.
NACA operations included financial counseling, specialized mortgage services and a Home Save prograk for homeowners with anunaffordablwe mortgage. NACA will host a job fair from8 a.m. to 8 p.m. Fridayy and Saturday at its Charlotte Counseling For more information about Neighborhood Assistance Corporation of America, including employment opportunities, go to

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