Countrywide Financial Reviews

Updated May 15, 2015
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Countrywide Financial CEO Angelo R Mozilo
Angelo R Mozilo
1 Rating

38 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

    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
    Recommends
    Negative Outlook
    No opinion of CEO

    I worked at Countrywide Financial full-time

    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. Entrepreneurial culture

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Vice President in Calabasas, CA
    Former Employee - Vice President in Calabasas, CA
    Recommends
    Negative Outlook
    Approves of CEO

    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 Management

    Management should great one culture and not multiple small empires.


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  5. Strong management, visionary and focused on accomplishing goals

    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Vice President in Calabasas, CA
    Former Employee - Vice President in Calabasas, CA
    Recommends
    No opinion of CEO

    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 Management

    Good leadership within divisions and across divisions was very good


  6. Place for growth

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

    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 Management

    None at this time


  7. No wonder Countrywide went down

    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee in Simi Valley, CA
    Former Employee - Anonymous Employee in Simi Valley, CA
    Doesn't Recommend
    No opinion of CEO

    Pros

    Paid well for those with little education and no other options

    Cons

    Treated people poorly Broken systems Poor reputation

    Advice to Management

    Turn yourself in to the authorities


  8. Good pay, poor culture

    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - First Vice President in Los Angeles, CA
    Former Employee - First Vice President in Los Angeles, CA
    Doesn't Recommend
    No opinion of CEO

    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 Management

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


  9. 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
    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.


  10. 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
    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.


  11. The company that could have been

    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee in Calabasas, CA
    Former Employee - Anonymous Employee in Calabasas, CA
    Doesn't Recommend
    Disapproves of CEO

    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 Management

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



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