Countrywide Financial

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

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  1.  

    Working at the Plano office of Countrywide

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

    I worked at Countrywide Financial

    Pros

    The only reason I would ever want to work at Countrywide again would be the fact that they got bought out by Bank of America. The company name "Bank of America" would be a good stepping stone for people to move into smaller companies with better pay.

    Cons

    I could go on forever about how terrible this place was. The managers never had any work to do, yet they tried to act like they were really busy. The same went for most of the employees here. We were given lots of "drive around the parking lot" work. I felt like I was becoming dumber every day I went in. The work that we were given was hardly ever challenging. The salary and bonuses were also terrible. I would avoid this place at all costs. Bank of America made a dumb move in acquiring this run down company.

    Advice to ManagementAdvice

    Cut down the number of VPs and SVPs you have in the company. A 3 to 1 employee to manager ratio is just ridiculous.

    Doesn't Recommend
    Disapproves of CEO
  2.  

    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
  3.  

    Inflated Titles and Lack of Consistency Across Groups

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Former Employee - AVP, Internal Audit
    Former Employee - AVP, Internal Audit

    I worked at Countrywide Financial

    Pros

    Most people were good people which made the environment nicer. The salary and benefits were in line with similar jobs both in the banking industry and outside.

    Cons

    Lack of direction by upper internal audit management. Huge disparity between groups within internal audit from everything to quality of deliverables to time off. The department was very top heavy with lots of elevated titles for people who were doing administrative tasks.

    Advice to ManagementAdvice

    Maybe if all internal audit groups were held to the same standard, some of the things that caused the collapse may have been uncovered sooner.

    Doesn't Recommend
    Disapproves of CEO
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  5.  

    The Worst Job I Ever Had!

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Former Employee - Financial Advisor in Broomall, PA
    Former Employee - Financial Advisor in Broomall, PA

    I worked at Countrywide Financial

    Pros

    Met some nice co-workers that I've remained friends with.

    Cons

    Worked Holidays and never received doubletime. We were paid hourly. Management would tell you you could take a day off another time to make up for the extra day. It was a payroll nightmare.

    Advice to ManagementAdvice

    The only people that made money here were people in top management; otherwise, you are used for the most part.

    Doesn't Recommend
    Disapproves of CEO
  6.  

    Bloated middle management layer

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Former Employee - Assistant Vice President
    Former Employee - Assistant Vice President

    I worked at Countrywide Financial

    Pros

    laid back environment in some offices,

    Cons

    Some offices are like cattle farms, there are too many VPs, SVPs and other middle managers, many of whom don't even have anyone reporting to them

    Advice to ManagementAdvice

    improve quality of work environment for lower level workers (below SVP level).

    No opinion of CEO
  7.  

    The company that could have been

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

    I worked at Countrywide Financial

    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 ManagementAdvice

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

    Doesn't Recommend
    Disapproves of CEO
  8.  

    Poisen

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - Senior Product Manager in Seattle, WA
    Current Employee - Senior Product Manager in Seattle, WA

    I have been working at Countrywide Financial

    Pros

    Once BofA Purchased (errrr saved) the company, I could pretty much do whatever I wanted too during the transition. Decent manager, but couldn't answer tough questions

    Cons

    This place was poisen from the time I walked through the door. The only reason why I even accepted was the market was in the tanks and it was the best option at the time. Sr. leadership was a joke made up of diciples of Angelo Mozilo (ie. the Orange Man).

    Advice to ManagementAdvice

    B of A folks weren't much better, they just have deep enough pockets. My advice, don't think becasue someone is a Black Belt in Six Sigma, they have any clue what they are doing. Some of the biggests fools I've ever met had a black belt.

    Doesn't Recommend
    Disapproves of CEO
  9.  

    Countrywide - a company that became to greedy

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Former Employee - Vice President in Tempe, AZ
    Former Employee - Vice President in Tempe, AZ

    I worked at Countrywide Financial

    Pros

    They pay at high rate compared to others.

    Cons

    There was poor communication with senior leadership
    They did not follow through on quality
    There was not a bias for action
    They did not care about employee retention
    Countrywide's Benefits are weak relative to others in the industry
    Senior Leadership needs to back up employee suggestions and fight for them
    Vacation is low relative to others in the industry

    Advice to ManagementAdvice

    Listen to your employees.
    Use facts to make decisions instead of using your gut
    Senior Leadership needs to back up employee suggestions and fight for them
    Senior Leadership needs to focus on employee rentention

    Doesn't Recommend
    Disapproves of CEO
  10.  

    Countrywide is not a good company to work for or be a customer of

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Former Employee - Senior Suspense Coordinator in Tampa, FL
    Former Employee - Senior Suspense Coordinator in Tampa, FL

    I worked at Countrywide Financial

    Pros

    If your homeless, its winter-time and you live in a cold climate. If unable to get government assistance than I would recommend you try getting a job at countrywide.

    Cons

    Countrywide does not pay a living wage and has nothing but contempted for it employees, who get treated even worse than the customers.

    Advice to ManagementAdvice

    You should all quit

    Doesn't Recommend
    Disapproves of CEO
  11.  

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

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - Financial Analyst in Pasadena, CA
    Current Employee - Financial Analyst in Pasadena, CA

    I have been working at Countrywide Financial

    Pros

    CW 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.

    Cons

    lack 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 ManagementAdvice

    communicate more with employee. create a mentorship for to help employee grow

    Doesn't Recommend
    Disapproves of CEO

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