Countrywide Financial Reviews

Updated May 15, 2015
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2.7
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Countrywide Financial CEO Angelo R Mozilo
Angelo R Mozilo
4 Ratings

84 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. bankrupt

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Manager in Plano, TX
    Former Employee - Manager in Plano, TX
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

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

    Pros

    good co workers good benefits

    Cons

    sweat shop, bankrupt bankrupt bankrupt bankrupt bankrupt

    Advice to Management

    less management


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  5. 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.


  6. The best first job I ever could have asked for

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Sales Manager in Phoenix, AZ
    Former Employee - Sales Manager in Phoenix, AZ
    Recommends
    Neutral Outlook
    Approves of CEO

    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 Management

    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.


  7. Good experience for a first working job.

    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    No opinion of CEO

    Pros

    Very supportive when it comes to working as a team, Management is very friendly, Appraisals are really good as they are discussed by both the team member & the manager.

    Cons

    Politics and corruption, expectations are very high as compared to the compensations provided, Social influence matters when it comes to promotions.


  8. It is done!

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

    Pros

    Countrywide's stock has been described as the "23,000% stock" by Fortune magazine. Between 1982 and 2003 For year-ending Dec 31, 2007 Total Assets: $211,730,061

    Cons

    In 2008, Bank of America purchased the failing Countrywide Financial for $4.1 billion. In 2006 Countrywide financed 20% of all mortgages in the United States, at a value of about 3.5% of United States GDP, a proportion greater than any other single mortgage lender.....

    Advice to Management

    Between 1982 and 2003, Countrywide delivered investors a 23,000.0% return, exceeding the returns of Washington Mutual, Wal-Mart, and Warren Buffett's Berkshire Hathaway. Where are you all now GODZILLAS?


  9. Good

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

    Pros

    Location, Salary, People, on site cafeteria

    Cons

    Less opportunity for advancement than other companies

    Advice to Management

    thanks for not being micro managers


  10. 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


  11. It was a decent experience

    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Business Banking
    Former Employee - Business Banking
    Doesn't Recommend
    No opinion of CEO

    Pros

    Promotions were based on merit.

    Cons

    The bank went under and was acquired.

    Advice to Management

    It's now been acquired by BofA and hopefully, the management has improved.



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