Countrywide Home Loans Reviews

Pros

Autonomy and able work with various departments and people. It was not difficult work but the day flew by really fast. I did like the fact that there was a cafeteria.

Cons

Not challenging at all. Some of the departments did not communicate with other departments so at times, was difficult to do the job.

Advice to Senior Management

Need more interaction with the people in the department. Sometimes, it's difficult to understand some of the decisions made from above.

Pros

people fighting to get things done. encourage competition. people has space to move up along the corporate ladder. get paid when work is done well

Cons

The benefit is not good. Team spirit is not very good. encourage individual work, not team work. working long hours.

Advice to Senior Management

encourage more collaboration and don't encourage competition so much. create a caring working environment for the people working in the same group

Pros

* great benefits package
* challenging work

Cons

* lack of career growth paths
* senior management too wrapped up in day to day operations - they don't go about introducing or motivating continuous process improvements

Advice to Senior Management

* keep an open mind to alternative software tools that would assist personnel do their job better.

Pros

They were smart enough to recognize they were in trouble and arranged to be acquired by Bank of America.

Cons

Copied lax lending practices of competitors. Smarter companies like Wells Fargo did not fall into that trap.

Advice to Senior Management

Focus more on strategy and provide a lot of communication to employees so that everyone understands how the group or division is going to be successful.

Pros

experience, knowledge, career advancement possibilities

Cons

compensation is bad, low salary

Advice to Senior Management

proactive

Pros

Great work environment, led by solid management, and offering excellent salary potential. Underwriting guidelines were not overly tough and we worked as one unit with the operations department

Cons

At times it was very difficult to close loans. Upper management offered harsh criticism despite not being in the office very much.

Advice to Senior Management

Management could spend more time in the actual branch offices. Also, they can work with operations to decrease amount of time required to approve loans

Pros

CHL has good intentions upon hiring qualified candidates for employment. They attempt to provide a strong foundation to build upon during the first few weeks of employment.

Cons

They do not execute on the foundation they provide to employees. Their employees are over tasked and under utilized as far as the employees skill sets are concerned. They also don't provide career pathing for employees who inquire about career growth.

Advice to Senior Management

Keep in mind that a strong foundation leads to a strong structure that allows the company to grow if fostered correctly.

Pros

Base salary and inside office environment. The computers seemed to have a decent speed. The furniture was nice. That's about it.

Cons

The pay was horrible. They lied to clients and gave false hopes of high commissions. The leads had been recycled for years.

Advice to Senior Management

Close the doors. Seel your company, and treat both your employees and customers right. The reputation went down do to lack of professionalism.

Pros

Good pay and benefits, very committed employees, use latest in technology. Decent opportunity for learning and trying new business processes and technologies

Cons

Product releases are too slow cos of the hierarchies

Advice to Senior Management

None

Pros

Got to spend a lot of time out of the office on company time!

Cons

But this time was spent running errands for my female VP boss doing such things as picking up her stuff from the dry cleaners and having her coffee ready when she showed up.

Advice to Senior Management

Listen to employees when they separate on how they were treated.