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

Countrywide Financial Reviews

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2.7 82 reviews

                             

50% Approve of the CEO

Countrywide Financial CEO Angelo R Mozilo

Angelo R Mozilo

(4 ratings)

30% of employees recommend this company to a friend
82 Employee Reviews
in

Review Highlights

Pros:
  • "The best reason to work for Countrywide is that it is now a part of Bank of America"
    in 5 reviews
  • "cool place to stay but there is no much competence in mgmt good for work life balance"
    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
  • Show more review highlights

Reviews

  • Culture & Values
         
  • Work/Life Balance
         
  • Senior Management
         
  • Comp & Benefits
         
  • Career Opportunities
         
  • Approves of CEO

 

The best first job I ever could have asked for

Sales Manager (Former Employee)
Phoenix, AZ

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

Prospeople, 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.

ConsLong 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 Senior ManagementThe 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.

Yes, I would recommend this company to a friend

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Place for growth

First Vice President (Former Employee)
Calabasas, CA

I worked at Countrywide Financial

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 Opinion of CEO

 

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

Assistant Vice President - Financial Analysis (Current Employee)
Phoenix, AZ

I have been working at Countrywide Financial

ProsCountrywide 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.

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

Advice to Senior ManagementNone.

Yes, I would recommend this company to a friend

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I miss working for Countrywide!

Recruiter (Former Employee)
Chandler, AZ

I worked at Countrywide Financial

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

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

Advice to Senior ManagementKeep up the great work!

Yes, I would recommend this company to a friend

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  • Culture & Values
         
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  • Approves of CEO

 

Entrepreneurial culture

Vice President (Former Employee)
Calabasas, CA

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

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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Good

Financial Services Representative (Former Employee)
Dallas, TX

I worked at Countrywide Financial

ProsLocation, Salary, People, on site cafeteria

ConsLess opportunity for advancement than other companies

Advice to Senior Managementthanks for not being micro managers

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Strong management, visionary and focused on accomplishing goals

Vice President (Former Employee)
Calabasas, CA

I worked at Countrywide Financial

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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OK place to work

Anonymous Employee (Former Employee)

I worked at Countrywide Financial

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

ConsBad reputation will hurt my resume going forward.

Advice to Senior ManagementShould have kept your interest rate hedges.

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Junior review of Countrywide

Anonymous Employee (Former Employee)

I worked at Countrywide Financial

ProsThe 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.

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

Advice to Senior ManagementToo late now..... . . . . . . . . . . . . . . . . .

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Fast paced but room to advance

Anonymous Employee (Former Employee)
Plano, TX

I worked at Countrywide Financial

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

Consvery 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 Senior Managementto many levels of VPS

Yes, I would recommend this company to a friend

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Glassdoor is your free inside look at Countrywide Financial reviews and ratings — including employee satisfaction and approval rating for Countrywide Financial CEO Angelo R Mozilo. All 82 reviews posted anonymously by Countrywide Financial employees.