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

Employee Reviews

Sort: Popular Rating Date
  1.  

    The best first job I ever could have asked for

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Sales Manager in Phoenix, AZ
    Former Employee - Sales Manager in Phoenix, AZ

    I worked at Countrywide Financial full-time (more than 3 years)

    Pros

    people, atmosphere, pay, and PAY. Some of the smartest and most driven people were my colleagues. I met some of my best friends, made very good money and had a great time while doing it. The company was very professional, yet there was a very team oriented brotherhood.

    Cons

    Long hours, lack of advanced training. Of course there is going to be some bad apples. In every company you work plenty of uneducated, bad employees walk through the doors, but they were weeded out quickly.

    Advice to ManagementAdvice

    The credit crisis of 2008 was a problem not only for this one but for most of the world. I don't think there was much they could have done to mitigate that. Could they have weathered the storm better...yes, but a sale to Bank of America for around 4 Billion wan't terrible. The loss of stock price and equity for many employee's was something that was a hard pill to swallow, but like many other companies during the bubble it could have been worse.

    Recommends
    Neutral Outlook
    Approves of CEO
  2.  

    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
  3.  

    Despite a tough market, Countrywide has been fair in compensating for performance.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - Assistant Vice President - Financial Analysis in Phoenix, AZ
    Current Employee - Assistant Vice President - Financial Analysis in Phoenix, AZ

    I have been working at Countrywide Financial

    Pros

    Countrywide compensates very well for individuals willing to work hard. Dispite the downturn in the mortgage industry, the company looks for creative ways to compensate its employees. I was approved for a promotion durning the company's acquisition by Bank of America. While the raise was a little lower than I had hoped, I was still happy the promotion when through in such an adverse environment.

    Cons

    The downturn in the mortgage industry has led to downsizing in some departments.

    Advice to ManagementAdvice

    None.

    Recommends
    No opinion of CEO
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  5.  

    I miss working for Countrywide!

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Former Employee - Recruiter in Chandler, AZ
    Former Employee - Recruiter in Chandler, AZ

    I worked at Countrywide Financial

    Pros

    The recruitment team at the bank is by far the best I've ever worked for. The leadership was awesome to work for.

    Cons

    The B of A acquisition and the uncertainty of the bank's future.

    Advice to ManagementAdvice

    Keep up the great work!

    Recommends
    No opinion of CEO
  6.  

    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
  7.  

    Good

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Former Employee - Financial Services Representative in Dallas, TX
    Former Employee - Financial Services Representative in Dallas, TX

    I worked at Countrywide Financial

    Pros

    Location, Salary, People, on site cafeteria

    Cons

    Less opportunity for advancement than other companies

    Advice to ManagementAdvice

    thanks for not being micro managers

    Disapproves of CEO
  8.  

    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
  9.  

    OK place to work

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

    I worked at Countrywide Financial

    Pros

    Aggressive growth slowed as the business grew; same happend with the culture. Some areas were rough, but most areas were just a normal company.

    Cons

    Bad reputation will hurt my resume going forward.

    Advice to ManagementAdvice

    Should have kept your interest rate hedges.

    No opinion of CEO
  10.  

    Junior review of Countrywide

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

    I worked at Countrywide Financial

    Pros

    The particular Countrywide group I worked in was great, senior management was extremely knowledgeable and had a great track record of success. Additionally, we were compensated well and given room to grow.

    Cons

    There wasn't a path to management within the company. Additionally, the crisis proved that things were not as well as they seemed.

    Advice to ManagementAdvice

    Too late now..... . . . . . . . . . . . . . . . . .

    Disapproves of CEO
  11.  

    Fast paced but room to advance

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

    I worked at Countrywide Financial

    Pros

    great advancement opportunites and compensation, very collegial workforce, a number of long term employees, pride in the company, growing fast

    Cons

    very fast paced, never enough staff to do the work needed, seems as if all communications, programs etc were focused on the LCD (i.e. lowest common denominator) employees, short cubicle walls

    Advice to ManagementAdvice

    to many levels of VPS

    Recommends
    Approves of CEO

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