Countrywide Financial

  www.countrywide.com
  www.countrywide.com

Countrywide Financial Reviews

82 Reviews
2.7
82 Reviews
Rating Trends

Recommend to a friend
Approve of CEO
Countrywide Financial CEO Angelo R Mozilo
Angelo R Mozilo
4 Ratings

Review Highlights

Pros
  • The best reason to work for Countrywide is that it is now a part of Bank of America (in 5 reviews)

  • A lot of the people who work for the company are nice and intelligent (in 3 reviews)


Cons
  • Also, work life balance is a non-idea at Countrywide (in 5 reviews)

  • You have to be willing to work very hard with no one seeming to notice (in 4 reviews)

More Highlights

15 Employee Reviews Back to all reviews

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  1.  

    One of the worst companies in finance

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

    I have been working at Countrywide Financial

    Pros

    The fact that you get paid regardles of whether you do a good job.

    Cons

    This is one of the most nepotistic companies I've seen. People advance here by sleeping with people in power. There is no reward for going above and beyond. Instead, the firm prefers to institute a culture of fear and scare people into performing their jobs for low cost. The corporate bureaucracy wastes money and ties the hands of line managers. Many senior managers throughout the organization only care about their own pocketbooks and are therefore disingenuous with their communications. It could be due to incompetence, but that's equally pathetic.

    Advice to ManagementAdvice

    Stop chasing money and pay attention to the bloated infrastructure you've allowed to develop.

    Doesn't Recommend
    Disapproves of CEO
  2.  

    Countrywide CanNOT!

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - Operations Manager in West McLean, VA
    Current Employee - Operations Manager in West McLean, VA

    I have been working at Countrywide Financial

    Pros

    the one only reason to work for Countrywide is the feeling of accomplishment when you've truly helped someone refinance or purchase a home.

    Cons

    there are two many downsides to list.

    Advice to ManagementAdvice

    All Management personnell should be required to take management training courses regularly and updated courses every year.

    Doesn't Recommend
    Disapproves of CEO
  3.  

    The worst company I've ever worked for

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Former Employee - Senior Payroll Specialist in Pasadena, CA
    Former Employee - Senior Payroll Specialist in Pasadena, CA

    I worked at Countrywide Financial

    Pros

    None that I can think of.

    Cons

    Everything! Management thinks of themselves. Promise you the moon to get the job done, then the promises are quickly forgotten. Worked 60 hours a week to get the new computer system up, and got a candy bar as a "thank you", only to give us "pink slips", and send the payroll department to Fort Worth, TX from Pasadena, CA. Just to save 8K per employee per year. Mozilo spends that in one day.

    Advice to ManagementAdvice

    Take some classes on Management Skills. Even the H/R Vice President would not even say "hello" to you...

    Doesn't Recommend
    Disapproves of CEO
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  5.  

    Nightmare

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - Applications Developer
    Current Employee - Applications Developer

    I have been working at Countrywide Financial

    Pros

    Perhaps in the past there were, none now. Will bofa want you? There might not be any reason to work for such a miserly company. They suck you dry on vacations, benifits and all they are concerned is that you should be there, 8-5. Perhaps in the past there were, none now. Will bofa want you? There might not be any reason to work for such a miserly company. They suck you dry on vacations, benifits and all they are concerned is that you should be there, 8-5. Perhaps in the past there were, none now. Will bofa want you? There might not be any reason to work for such a miserly company. They suck you dry on vacations, benifits and all they are concerned is that you should be there, 8-5.

    Cons

    Very poor management. Most are working there to save their jobs. Perhaps in the past there were, none now. Will bofa want you? There might not be any reason to work for such a miserly company. They suck you dry on vacations, benifits and all they are concerned is that you should be there, 8-5. Perhaps in the past there were, none now. Will bofa want you? There might not be any reason to work for such a miserly company. They suck you dry on vacations, benifits and all they are concerned is that you should be there, 8-5. ok.

    Advice to ManagementAdvice

    Dont waste your time covering your a55.

    Doesn't Recommend
    Disapproves of CEO
  6.  

    Countrywide really does not offer any real career benefits

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - Systems Administrative in Los Angeles, CA
    Current Employee - Systems Administrative in Los Angeles, CA

    I have been working at Countrywide Financial

    Pros

    If you are looking to purchase or refinance a home, there are modest employee discounts on fees and closing costs.
    If you participate in the 401K plan the company matches 50% of your contribution up to a maximum of 3%
    If you are a "superstar" level employee you will have planty of opportunities to shine, to be the hero, to be the one that "gets things done".

    Cons

    First and foremost is the compensation. It is low to begin with and this year the increases didnt even match half of the inflation rate. There really are no opportunites to receive bonuses (unless you are management) or profit sharing.
    Promotions are few and far between and typically go to those who are better talkers, rather than better do-ers, so real recognition for great work really isnt there.

    Advice to ManagementAdvice

    Stop treating the employess as cattle. Remember that we are the ones who actually DO the work that makes you the money. Try sharing the wealth a little. Tough economic times is really no excuse not to provide the employees with a minimum cost of living adjustment that keeps up with inflation. Raises should be based on inflation rate base PLUS the performance margin.

    Doesn't Recommend
    Disapproves of CEO

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