Countrywide Home Loans

  www.countrywidehomeloans.com
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Countrywide Home Loans Reviews

Updated Jul 28, 2014

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All Employees Current Employees Only

3.0 79 reviews

29% Approve of the CEO

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Angelo Mozilo

(17 ratings)

40% of employees recommend this company to a friend

Review Highlights

Pros
  • Good benefits like onsite gym, subsidized meals (in 4 reviews)

  • Got to spend a lot of time out of the office on company time (in 2 reviews)


Cons
  • tough to balance family life due to long hours and saturday work (in 5 reviews)

  • Upper management offered harsh criticism despite not being in the office very much (in 4 reviews)

More Highlights
79 Employee Reviews
Relevance Date Rating
in
    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • Approves of CEO

     

    This was a great company to work for.

    Senior Loan Processor (Current Employee) Woodland Hills, CA

    ProsGreatest mortgage software in the industry, including AUS. I had a fantastic team leader who made my job quite enjoyable. I loved working for this company and wish they were still around. They weren't perfect but they were so much better than the company that took them over (Bank of America).

    ConsToo many unscrupulous loan officers worked here and management discovered them too late to recover the damage done. Unfortunately, a lot of them are still around and working at other companies now.

    Advice to Senior ManagementManagement should have weeded out and fired those loan officers who consistently turned in fraudulent loans. Only a handful of processors and underwriters were brave enough to question the applications that didn't make sense.

    Yes, I would recommend this company to a friend

    • Comp & Benefits
    • Career Opportunities

     

    Great place to work

    Anonymous Employee (Former Employee)

    ProsFlexible hours, in house development projects

    Consno cons in detail. Should have better management methodologies..

    Advice to Senior ManagementShare more details of upcoming projects...

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

     

    Account Executive

    Account Executive (Former Employee) Walnut Creek, CA

    ProsThe financial meltdown of 2008 was in full swing so there were not a lot of "Pros" to consider. The employees were a great bunch of people and the office atmosphere was fun.

    ConsI was aggressively recruited because they wanted "whales" from other mortgage companies. However, they said they would give me the territory I had with my last job as I had great contacts and was very liked and trusted but after I came on board they gave me some piece-meal territory that needed a lot of work. At the same time, credit was becoming less and less available and our products were dropping out completely so it wasn't a great time to be in that business. BofA bought them out so I'm sure it's much better now.

    Advice to Senior ManagementMy manager was nice but she should have utilized me better in the territory I had built up for the past 7 years. Everyone would have performed better had she done that.

    No, I would not recommend this company to a friend

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    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • No Opinion of CEO

     

    It was a good experience working for CW - Great perks.

    Fvp (Former Employee) Plano, TX

    ProsAt CW the management was fair

    ConsAt CW the pay was low.

    Advice to Senior ManagementN/A

    No, I would not recommend this company to a friend

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

     

    Best of intentions

    Senior Software Engineer (Current Employee) Simi Valley, CA

    ProsLoved the people, loved the team, loved the job and the challenges. There was always something new, something exciting to learn, or to take on. It was a fun place to work while it lasted.

    ConsI think in the end they lost sight of the "big picture" they had a really good thing going. Everyone was happy, everyone made money, everyone was enjoying the ride. They really seemed to lose focus and think that they had all of the answers.

    Advice to Senior ManagementWell, CFC is gone, so hard to offer much advice to the senior management. I loved the managers I worked for. I would suggest that to the most senior managers be more like my managers, give your people something to believe in and keep your promises.

    No, I would not recommend this company to a friend – I'm not optimistic about the outlook for this company

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

     

    Poor company to work for

    Senior Loan Officer (Former Employee)

    Proslocation of company in big city

    Conson going sexual harassment of female employees

    No, I would not recommend this company to a friend – I'm not optimistic about the outlook for this company

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

     

    Poor execution

    Personal Loan Consultant (Former Employee) Chandler, AZ

    ProsGood benefits like onsite gym, subsidized meals. Management promotes hard working employees

    ConsToo much bureaucracy, company values are poor.

    Advice to Senior ManagementExecute goals better

    No, I would not recommend this company to a friend – I'm not optimistic about the outlook for this company

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

     

    A company ran by lying, amoral cheats and frauds

    Anonymous Employee (Former Employee)

    ProsThe only plus was the mentorship program

    ConsBlaming employees for disorganization, expecting accuracy from last minute changes at any and all times - you need to enforce deadlines with other departments! Inaccurate data being utilized by both IT and Finance/Business related departments, so there is no way to produce any deliverable with 100% accuracy

    Later we discover Countrywide is a company that defrauded millions

    Advice to Senior ManagementThe top leadership are all lying, worse than car salesmen type who cheated their customers and investors - and former CEO Angelo Mozilo should have been thrown in jail

    No, I would not recommend this company to a friend

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

     

    Mortgage Consultant

    Mortagage Consultant (Current Employee) Walnut Creek, CA

    ProsThe only pros for this company I have to say are when I quit and drove out of the parking structure. So nothing.

    ConsHorrible place to work and they were literally trying get buyers through the mortgage process as fast as possible and didn't care if the customer was unable to sustain the loan. They care nothing for their customers and will sell your loan immediately after they give it to you. you'll be sending your mortgage payments to numerous different banks. Don't work for them.

    Advice to Senior ManagementStop taking advantage of people.

    No, I would not recommend this company to a friend – I'm not optimistic about the outlook for this company

    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • No Opinion of CEO

     

    Countrywide

    Senior Telecommunications Technician (Current Employee) Fort Worth, TX

    ProsAllow employees to grow and develop

    Consunfair as far as male and female compensation and values.

    Advice to Senior Managementstop treating women with dis-respect

    No, I would not recommend this company to a friend – I'm not optimistic about the outlook for this company

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