Countrywide Financial

  www.countrywide.com
  www.countrywide.com

Countrywide Financial Reviews in Los Angeles, CA

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

36 Employee Reviews Back to all reviews

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  1.  

    Entrepreneurial culture

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

    I worked at Countrywide Financial full-time (more than 5 years)

    Pros

    Countrywide has a very entrepreneurial culture, with a strong build over buy preference. This is great for information technology resources.

    Cons

    Department practices are very different, need to make sure that the department you work in matches your style of development.

    Advice to ManagementAdvice

    Management should great one culture and not multiple small empires.

    Recommends
    Negative Outlook
    Approves of CEO
  2.  

    Strong management, visionary and focused on accomplishing goals

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

    I worked at Countrywide Financial

    Pros

    They had clarity regarding key initiatives and were very supportive to insure goals were attained.

    Cons

    Heavy volumes at times made it difficult to balance work/life.

    Advice to ManagementAdvice

    Good leadership within divisions and across divisions was very good

    Recommends
    No opinion of CEO
  3.  

    Place for growth

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

    I worked at Countrywide Financial

    Pros

    Excellent professional environment, great exposure to industry and technology, endless opportunities to learn and grow. Countrywide has a variety of subsidiaries in the financial industry, mostly mortgage - and promotes employees to move and look for opportunties internally. They have excellent framework to promote new ideas, processes - both in technology and business. In the technology side, mostly home built solutions that are cutting edge and ahead of the industry. A great pool of talents, and outstanding team and professional atmosphere.

    Cons

    Stability due to economic downturn

    Advice to ManagementAdvice

    None at this time

    Recommends
    Approves of CEO
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  5.  

    No wonder Countrywide went down

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

    I worked at Countrywide Financial

    Pros

    Paid well for those with little education and no other options

    Cons

    Treated people poorly
    Broken systems
    Poor reputation

    Advice to ManagementAdvice

    Turn yourself in to the authorities

    Doesn't Recommend
    No opinion of CEO
  6.  

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

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

    I worked at Countrywide Financial

    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 ManagementAdvice

    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.

    Disapproves of CEO
  7.  

    Good pay, poor culture

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

    I worked at Countrywide Financial

    Pros

    Good pay compared to peers and responsibilities in other mortgage banks. Varied opportunities to try different careers in the organization.

    Cons

    Basically, a cowboy culture combined with nepotism. Long hours, no work/life balance once you moved pass VP title.

    Advice to ManagementAdvice

    Review the corporate culture and start living the values it is supposed to represent.

    Doesn't Recommend
    No opinion of CEO
  8.  

    Intellectually challenging but intense and often competitive work environment

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

    I worked at Countrywide Financial

    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 ManagementAdvice

    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.

    No opinion of CEO
  9.  

    The company that could have been

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

    I worked at Countrywide Financial

    Pros

    During the housing boom, Countrywide was one of the fastest growing public companies around. Senior management was probably the most knowledgable about the mortgage industry.

    Cons

    The different divisions (e.g., mortgage, banking, insurance, etc.) and overhead functions did not work together in the most collaborative and effective way; instead, performance was based on individual achievements. Professionally managed companies make sure that divisions and functions work together, sharing resources and intellectual capital. Countrywide, unfortunately, was not quite there.

    Advice to ManagementAdvice

    Better risk management and more focus on long-term growth is needed rather than the desire to chase market share.

    Doesn't Recommend
    Disapproves of CEO
  10.  

    dont expect much from this employer if you're looking to grow.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - Financial Analyst in Pasadena, CA
    Current Employee - Financial Analyst in Pasadena, CA

    I have been working at Countrywide Financial

    Pros

    CW pays better than its competitors. You can expect to get paid in average about 5,000 more than other companies. Depends on what department you work for, it could be very intense but you get what paid for working hard.

    Cons

    lack of communication between management and employee. Management like to keep what's going on under the carpet and wont discuss with employee until it's exposed on the news.

    Advice to ManagementAdvice

    communicate more with employee. create a mentorship for to help employee grow

    Doesn't Recommend
    Disapproves of CEO
  11.  

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

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    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

    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 ManagementAdvice

    Respect subordinate; provide more flexible internal transfer mechanism

    No opinion of CEO

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