Countrywide Financial
2.7 of 5 82 reviews
www.countrywide.com Calabasas, CA 5000+ Employees

Countrywide Financial Reviews in Los Angeles, CA

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2.7 36 reviews

                             

100% Approve of the CEO

Countrywide Financial CEO Angelo R Mozilo

Angelo R Mozilo

(1 ratings)

36% of employees recommend this company to a friend
36 Employee Reviews Back to all reviews
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    Entrepreneurial culture

    Vice President (Former Employee)
    Calabasas, CA

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

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

    Advice to Senior ManagementManagement should great one culture and not multiple small empires.

    Yes, I would recommend this company to a friend – I'm not optimistic about the outlook for this company

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    Strong management, visionary and focused on accomplishing goals

    Vice President (Former Employee)
    Calabasas, CA

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

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

    Advice to Senior ManagementGood leadership within divisions and across divisions was very good

    Yes, I would recommend this company to a friend

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    Place for growth

    First Vice President (Former Employee)
    Calabasas, CA

    ProsExcellent 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.

    ConsStability due to economic downturn

    Advice to Senior ManagementNone at this time

    Yes, I would recommend this company to a friend

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    No wonder Countrywide went down

    Anonymous Employee (Former Employee)
    Simi Valley, CA

    ProsPaid well for those with little education and no other options

    ConsTreated people poorly
    Broken systems
    Poor reputation

    Advice to Senior ManagementTurn yourself in to the authorities

    No, I would not recommend this company to a friend

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    Good pay, poor culture

    First Vice President (Former Employee)
    Los Angeles, CA

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

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

    Advice to Senior ManagementReview the corporate culture and start living the values it is supposed to represent.

    No, I would not recommend this company to a friend

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

    Anonymous Employee (Former Employee)
    Los Angeles, CA

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

    ConsThose in cushy positions are sometimes impossible to deal with.

    Advice to Senior ManagementPolitics 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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    Intellectually challenging but intense and often competitive work environment

    Managing Director (Former Employee)
    Calabasas, CA

    ProsIf 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.

    ConsLong 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 Senior ManagementListen 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.

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    The company that could have been

    Anonymous Employee (Former Employee)
    Calabasas, CA

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

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

    No, I would not recommend this company to a friend

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

    Financial Analyst (Current Employee)
    Pasadena, CA

    ProsCW 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.

    Conslack 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 Senior Managementcommunicate more with employee. create a mentorship for to help employee grow

    No, I would not recommend this company to a friend

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

    Assistant Vice President (Current Employee)
    West Hills, CA

    ProsBest 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;

    ConsTop 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 Senior ManagementRespect subordinate; provide more flexible internal transfer mechanism

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Glassdoor is your free inside look at Countrywide Financial reviews and ratings in Los Angeles, CA — including employee satisfaction and approval rating for Countrywide Financial CEO Angelo R Mozilo. All 36 reviews posted anonymously by Countrywide Financial employees.