The Housing Counselor (“HC”) provides comprehensive, individual, face-to-face housing counseling services in a local NACA office to homebuyers in NACA’s Purchase Program. Additional counseling is provided to homeowners through NACA’s HomeSave program. A HC must be an advocate who provides comprehensive counseling and affordable outcomes. The HC helps homebuyers overcome the roadblocks that prevent them from purchasing a home. This consists of individual counseling to qualify for NACA’s Best in America mortgage.
An employee would usually begin their employment with NACA as a HC which does not require a Mortgage Loan Originator (“MLO”) license. It is expected that the employee will transition from a HC to a MC after successful performance as a HC. Both the MC and HC provide comprehensive housing counseling to pre-approve a homebuyer for the NACA Mortgage or other mortgages. This pre-approval or NACA Qualification requires full documentation based on NACA’s policies and procedures. For some Members, this can be achieved quickly while for others it may take several months or more. A successful HC could become a MLO and provide mortgage origination services. The MC compensation is significantly higher.
NACA is likely the only job in the mortgage industry with that provides primarily low and moderate income borrowers with an incredible mortgage, and make considerable income without engaging in abusive lending practices. NACA offers one single mortgage product to all its Members, whether a prime or sub-prime borrower. It is considered the Best Mortgage in America and there is tremendous demand for the program.