Countrywide Financial Reviews

Updated May 15, 2015
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Countrywide Financial CEO Angelo R Mozilo
Angelo R Mozilo
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27 Employee Reviews

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  1. Lies Lies Tell Me more Lies

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Vice President in Calabasas Hills, CA
    Former Employee - Vice President in Calabasas Hills, CA

    I worked at Countrywide Financial

    Pros

    It's was a great place to work before BofA

    Cons

    BofA they are the devil

    Advice to Management

    Sell off to a more respectable corporation.


  2. Document Procurement Tech

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Doc Proc Tech in Simi Valley, CA
    Former Employee - Doc Proc Tech in Simi Valley, CA

    I worked at Countrywide Financial full-time

    Recommends
    Negative Outlook
    No opinion of CEO
    Recommends
    Negative Outlook
    No opinion of CEO

    Pros

    Low stress, good managers, the company tried to make the employees happy (entirely impossible with that many people), you knew what was expected and how to get it done.

    Cons

    The company got sloppy win the refi boom hit and things went downhill from there

    Advice to Management

    Moot, since they're gone


  3. Politics is high. Hard work not consistently recognized or even recommended.

    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee in Los Angeles, CA
    Former Employee - Anonymous Employee in Los Angeles, CA

    I worked at Countrywide Financial

    Disapproves of CEO
    Disapproves of CEO

    Pros

    Large company with many different perspectives and varying degrees of talent and skill to learn from.

    Cons

    Those in cushy positions are sometimes impossible to deal with.

    Advice to Management

    Politics is inevitable in any environment. However some of this should be monitored and the skill-experience-compensation relationship should be baselined to make sure those with valuable skills are compensated accordingly.


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  5. Intellectually challenging but intense and often competitive work environment

    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Managing Director in Calabasas, CA
    Former Employee - Managing Director in Calabasas, CA

    I worked at Countrywide Financial

    No opinion of CEO
    No opinion of CEO

    Pros

    If you're smart and willing to seek new challenges/responsibilities, you'll often get them. Networking is key - who you know (and who likes you) matters.

    Cons

    Long hours, tight deadlines, unrealistic expectations from executive management - all of these things are a factor in the day-to-day environment (not just once in a while.)

    Advice to Management

    Listen to your in-house experts, especially the ones who don't agree with everything you say. They likely know more than you do and are probably right.


  6. Inflated Titles and Lack of Consistency Across Groups

    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - AVP, Internal Audit
    Former Employee - AVP, Internal Audit

    I worked at Countrywide Financial

    Doesn't Recommend
    Disapproves of CEO
    Doesn't Recommend
    Disapproves of CEO

    Pros

    Most people were good people which made the environment nicer. The salary and benefits were in line with similar jobs both in the banking industry and outside.

    Cons

    Lack of direction by upper internal audit management. Huge disparity between groups within internal audit from everything to quality of deliverables to time off. The department was very top heavy with lots of elevated titles for people who were doing administrative tasks.

    Advice to Management

    Maybe if all internal audit groups were held to the same standard, some of the things that caused the collapse may have been uncovered sooner.


  7. Bloated middle management layer

    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Assistant Vice President
    Former Employee - Assistant Vice President

    I worked at Countrywide Financial

    No opinion of CEO
    No opinion of CEO

    Pros

    laid back environment in some offices,

    Cons

    Some offices are like cattle farms, there are too many VPs, SVPs and other middle managers, many of whom don't even have anyone reporting to them

    Advice to Management

    improve quality of work environment for lower level workers (below SVP level).


  8. Best place to learn mortgage industry, but the top down management style is lack of motivation

    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Assistant Vice President in West Hills, CA
    Current Employee - Assistant Vice President in West Hills, CA

    I have been working at Countrywide Financial

    No opinion of CEO
    No opinion of CEO

    Pros

    Best place to learn mortgage industry; most senior management are real experts and live and die for mortgage operations. multipal level of career ladder to clime which itself serves as incentive for your hard work;

    Cons

    Top down management style, lower level employees has less say in project choice and even in their internal career path; you have to have your current boss Ok to move around; more often when you inform your manager about your leave, they start to treat you with fair compensation through a counter offer-- too late and waste of resources for both the company and employees.

    Advice to Management

    Respect subordinate; provide more flexible internal transfer mechanism


  9. Countrywide was a decent company.

    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Quality Control Analyst II in Agoura Hills, CA
    Former Employee - Quality Control Analyst II in Agoura Hills, CA

    I worked at Countrywide Financial

    Approves of CEO
    Approves of CEO

    Pros

    Countrywide paid fairly well compared to other companies in the area and it wasn't a very strict interviewing processes. A lot of the people who work for the company are nice and intelligent.

    Cons

    They are extremely polictical, bloated bureaucracy; everyone seemed to have the title of VP, even if you were only truly a manager - complete title inflation. Poor equipment. If you are a Contractor (H1B Visa), countrywide (like most companies) is known to string you on about converting you. Very hierarchical company and you will not make more money than your manager, even if he/she has been with the company for 20 years and doesn't have the qualifications to lead you.

    Advice to Management

    Reduce the title inflation, reduce the layers of management inbetween employees, better equipment!


  10. Was great while it lasted..

    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Financial Services Representative in Beverly Hills, CA
    Current Employee - Financial Services Representative in Beverly Hills, CA

    I have been working at Countrywide Financial

    Recommends
    Recommends

    Pros

    Pay is above average for similar positions at other companies.

    Cons

    Recently purchased by Bank of America, 401k matching is not in line with other companies, recent management change to Bank of America, Below avereage market rates for savings products and liquid accounts.

    Advice to Management

    N/A


  11. The good days are behind us. Should have stayed away from pay option arms!

    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Account Executive in Jacksonville, FL
    Former Employee - Account Executive in Jacksonville, FL

    I worked at Countrywide Financial

    Doesn't Recommend
    Disapproves of CEO
    Doesn't Recommend
    Disapproves of CEO

    Pros

    Not too many now. Now that Bank of America owns them there should be some stability. There were some great times, The systems were pretty good in the day and the pay was good. Benefits were good and training was top notch. I miss the old days, times were very good just two years ago!

    Cons

    Cuurent market, bad PR, reputation is shot. I think it will be best to wait and see what BOA does and what divisions are shut down. It will be hard to think WLD will be here in 5 years with the way things have gone.

    Advice to Management

    Shouldnt have been so greedy, or we might still have a company.



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