Countrywide Financial

  www.countrywide.com
  www.countrywide.com

Countrywide Financial Reviews

82 Reviews
2.7
82 Reviews
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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.  

    Good bye and good riddance.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - Anonymous Employee in Simi Valley, CA
    Current Employee - Anonymous Employee in Simi Valley, CA

    I have been working at Countrywide Financial

    Pros

    It's getting bought by a bigger, stronger company.

    Cons

    Our name is mud and we were responsible for a large part of the global financial collapse by making loans to people who should not have them, therefore inflating global portfolios beyond their intrinsic values.

    Advice to ManagementAdvice

    (For Bank of America). Have a stronger vision for the end user experience. The web site and marketing programs often seem set up to benefit BofA rather than the customer.

    Doesn't Recommend
    Disapproves of CEO
  2.  

    Intern who worked in Associate Development Program

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Former Employee - Intern in Woodland Hills, CA
    Former Employee - Intern in Woodland Hills, CA

    I worked at Countrywide Financial

    Pros

    The best reason to work for Countrywide is that it is now a part of Bank of America. It is a great place to learn, and all of the people who work there now seem like genuine and intelligent people. At the lower level, they are trying to hire college talent in order to promote from within because they had trouble hiring executives externally in the past. The pay, for interns, is excellent. The perks are also spectacular, including free housing at an apartment complex fully furnished with a pool. You also get a free rental car for the duration.

    Cons

    The company has been and may still be in disarray. The company hiring and firing procedures is still unclear, as Bank of America H R has not fully decided how they are going to integrate the two processes. Thus, job security is still very low, and there will probably be more lay offs in the future. Also, because the company is so big, it may be difficult to get promoted from within quickly. It could take twenty years to rise to the top and, if you are willing, it could be a great place to work. Good luck with this situation.

    Advice to ManagementAdvice

    Figure out your message and express it.

    Recommends
    No opinion of CEO
  3.  

    Good place to start off.

    • 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

    They're very open to hiring entry level employees if you show you have potential and drive. Its a good place to start off your career path.

    Cons

    Since there are a lot of entry level employees, some shine and others don't. So you may be stuck with working with a lot of incompetent co workers you may be stuck with. And these employees will be there forever. Management shy's away from dealing with dead weight. The salary range is much lower than other companies.

    Advice to ManagementAdvice

    Have a better grasp on your employees and the talent on your hands. Work towards motivation and personal growth within each employee which in turn only benefits you and the company.

    No opinion of CEO
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  5.  

    Countrywide is still a good place to work in the mortgage business

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Former Employee - Loan Officer in Franklin, TN
    Former Employee - Loan Officer in Franklin, TN

    I worked at Countrywide Financial

    Pros

    Still the most aggressive mortgage lender. Has many products and is in the process of adding some of the B of A specialty products

    Cons

    Recently the amount of bad press they received as part of the mortgage melt down. Overall they still have great brand recognition. They hold many A paper mortgages. The subprime mortgages are a small percentage of their overall portfolio.

    Advice to ManagementAdvice

    None, they have handled the merger with Bank of America very well. They kept everyone informed of the process of merging two large entities. B of A is retaining many of the upper management team from Countrywide. B of A is a bank and Countrywide was the worlds largest mortgage company that concentrated on doing one thing...turning a loan application into a closed loan as quickly as possible.

    Recommends
    No opinion of CEO
  6.  

    Countrywide Bank?

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - Financial Services Representative
    Current Employee - Financial Services Representative

    I have been working at Countrywide Financial

    Pros

    Countrywide Bank offers good benefits and flexible hours. They provide training in Boston and support for their positions and allow you ample time to prepare to work there. They offer discount programs for many services including theme parks and cell phone packages. The offices are usually small and most times everyone works as a team. The main goal of this position is retention and if you are good at sales this should not be too difficult for you to do. All in all its a decent place to work if you are looking for a job which provides flexible hours but not great pay.

    Cons

    There is no real room for advancement. They have also been taken over by Bank of America and numerous locations are closing. They do not sponsor you for any licensing exams and do not allow for any opportunities for advancement. Unfortunately there is little to no future with this company. There is some favoritism by management to certain employees. Many workers leave early or come in late. The bonus packages leave much to be desired. The pay is definitely not great and there is a lot of "cold calling" involved with this position. You must also meet a quota for answering customer service calls every day.

    Advice to ManagementAdvice

    Give more opportunities to advance.

    Doesn't Recommend
  7.  

    Former Countrywide Employee Disastisfied from Insurance Division

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Former Employee - Marketing Coordinator in Simi Valley, CA
    Former Employee - Marketing Coordinator in Simi Valley, CA

    I worked at Countrywide Financial

    Pros

    Gained experience and knowledge into the financial and insurance industries.

    Cons

    Poor management skills and culture. Low compensation for the challenging work set forth to employees.

    Advice to ManagementAdvice

    Require better communication skills and professionalism from leadership.

    Doesn't Recommend
    Disapproves of CEO
  8.  

    overall good company to work for.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Former Employee - Software Analyst in Simi Valley, CA
    Former Employee - Software Analyst in Simi Valley, CA

    I worked at Countrywide Financial

    Pros

    An excellent environment to to work. Nice culture and a laid-back life.

    Cons

    it became too big of a company so one tends to feel lost in the crowd. Some times there is no personal touch in the day-to-day work .. so I guess that is probably the only thing that was not good at CFC. otherwise it was a good place to have a long career... sometimes the career advancement opportunities also got limited.

    Advice to ManagementAdvice

    encourage work and life balance.

    Recommends
    No opinion of CEO
  9.  

    Was proud at one point...too many "greedy" people.

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

    I worked at Countrywide Financial

    Pros

    There was some flexiblilty in work schedule in the team I worked for.

    Cons

    There was very much a "good ole boy" network. Although they promoted work/life balance...if you did not work yourself to death you did not move up the ranks.

    Advice to ManagementAdvice

    Stop with the buzz words and rhetoric....just say what you are going to do and do what you say. We are all adults...no games...or programs for the sake of programs or to look like you are "doing the right thing"

    Doesn't Recommend
    Disapproves of CEO
  10.  

    Worst Job in the Nation!

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

    I worked at Countrywide Financial

    Pros

    There really is not a lot of good reasons to work for Countrywide. They used to have superior health benefits but for the past several years they have been scaling back and requiring the employee's to pay more out-of-pocket. Their insurance really isn't all that good any longer. I guess the best reason to work for me to work at Countrywide was that it was 15 minutes from my house.

    Cons

    They are a very reactive not proactive company. Half the time is spent putting out wild fires for management rather than being productive in your job.
    Management is VERY prone to take credit for employee's work, it is a very dog-eat-dog environment. I have also seen that the abvility to move up in the company is somewhat based on how well the employee can "kiss up" and not based on knowledge or hard work.
    Countrywide also tends to hire nonprofessional individuals which creates a nonprofessional atmosphere.

    Advice to ManagementAdvice

    Having had the opportunity to work in three separate division during my career at Countrywide, I found that Senior Management is not involved enough with the work that is really going on. They are more concerned with covering mistakes they've made and having everyone work around the clock for insignificant reasons. With these inefficiencies, it causes more critical errors that has been in the long run the demise of Countrywide Financial Corp.

    Doesn't Recommend
    No opinion of CEO
  11.  

    Greatness only lasts as long as the integrity does.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - Vice President, Applications Development in Simi Valley, CA
    Current Employee - Vice President, Applications Development in Simi Valley, CA

    I have been working at Countrywide Financial

    Pros

    There are many talented and hard working people who are employed with Countrywide. They are mainly found down in the trenches were the real work is done. However, there are small glimmers of light here and there among the executive management also. I have found the best way to see where those lights shine brightest are where they are surrounded by loyal employees who have high productivity and even though the job isn't the most glamorous or best paid, they stay with it and are relatively satisfied with their job. In my many years at Countrywide I have met many, many talented people whom it has been my greatest joy and pleasure to make acquaintances with, to grow with and to encourage and help each other out.

    Cons

    The employees became expendable assets that were no longer valued for their hard work, their ideas for improvements, etc. Unless you were an Managing Director or above, you were not given any worthwhile notice, recognition nor compensation. Countrywide used to be a great place to work. They used to at least try to show that they cared about the employees. After having been with the company for many years, I have seen bad management come in and just propagate more bad management as they have promoted those that have a great exterior presentation but absolutely no idea how to lead let alone manage people. I am hoping that Bank of America will be able to pick up the pieces of a once decent company that greed and ivory tower mentality caused to collapse.

    Advice to ManagementAdvice

    It is truly too late for this company itself, but for those in upper management that have been allowed to stay on with Bank of America, I would hope that they would wake up and realize that they are accountable for their actions. I would hope that they would have a desire to learn what it means to be a leader and a member of a team. Instead of trying to get the next level of perks and not caring about who they left bloodied on the trail to the top or what their decisions today that earn them big bucks will do to the company tomorrow, that they will take notice of the legacy that they are leaving behind and have the integrity to do what is right.

    Doesn't Recommend
    Disapproves of CEO

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