Countrywide Home Loans

  www.countrywidehomeloans.com
  www.countrywidehomeloans.com
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Countrywide Home Loans Reviews

Updated August 27, 2014
Updated August 27, 2014
82 Reviews
3.0
82 Reviews
Rating Trends

Recommend to a friend
Approve of CEO
(no image)
Angelo Mozilo
20 Ratings

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

Employee Reviews

Sort: Popular Rating Date
  1.  

    cheesy

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Quality Assurance Manager  in  Englewood, CO
    Former Employee - Quality Assurance Manager in Englewood, CO

    I worked at Countrywide Home Loans full-time for more than 5 years

    Pros

    permotions, had a good boss

    Cons

    a lot like high school they had clicks

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  2.  

    Out of Business

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - First Vice President  in  Simi Valley, CA
    Former Employee - First Vice President in Simi Valley, CA

    I worked at Countrywide Home Loans full-time for more than 10 years

    Pros

    Numerous opportunities were available in order to grow.

    Cons

    Questionable ethics by senior management

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  3.  

    Underwriter Associate

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Underwriter Associate  in  Westlake Village, CA
    Former Employee - Underwriter Associate in Westlake Village, CA

    I worked at Countrywide Home Loans full-time for more than 5 years

    Pros

    Excellent bonus income, opportunity for on the job training. Great overtime (if you wanted it) .

    Cons

    Pressure to approve inflated income on reduced doc loans, mandatory overtime

    Advice to ManagementAdvice

    You got what you asked for. Angelo lied to the employees in my NSHO

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
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  5.  

    This was a great company to work for.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Senior Loan Processor  in  Woodland Hills, CA
    Current Employee - Senior Loan Processor in Woodland Hills, CA

    I have been working at Countrywide Home Loans full-time for more than 3 years

    Pros

    Greatest 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).

    Cons

    Too 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 ManagementAdvice

    Management 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.

    Recommends
    Neutral Outlook
    Approves of CEO
  6.  

    Great place to work

    • Comp & Benefits
    • Career Opportunities
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at Countrywide Home Loans as a contractor

    Pros

    Flexible hours, in house development projects

    Cons

    no cons in detail. Should have better management methodologies..

    Advice to ManagementAdvice

    Share more details of upcoming projects...

  7.  

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

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Fvp  in  Plano, TX
    Former Employee - Fvp in Plano, TX

    I worked at Countrywide Home Loans full-time for more than 8 years

    Pros

    At CW the management was fair

    Cons

    At CW the pay was low.

    Advice to ManagementAdvice

    N/A

    Doesn't Recommend
    No opinion of CEO
  8.  

    Account Executive

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Account Executive  in  Walnut Creek, CA
    Former Employee - Account Executive in Walnut Creek, CA

    I worked at Countrywide Home Loans full-time for less than a year

    Pros

    The 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.

    Cons

    I 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 ManagementAdvice

    My 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.

    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO
  9.  

    Poor execution

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Personal Loan Consultant  in  Chandler, AZ
    Former Employee - Personal Loan Consultant in Chandler, AZ

    I worked at Countrywide Home Loans full-time for more than a year

    Pros

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

    Cons

    Too much bureaucracy, company values are poor.

    Advice to ManagementAdvice

    Execute goals better

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  10.  

    Best of intentions

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

    I have been working at Countrywide Home Loans full-time for more than 8 years

    Pros

    Loved 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.

    Cons

    I 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 ManagementAdvice

    Well, 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.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  11.  

    Poor company to work for

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Senior Loan Officer
    Former Employee - Senior Loan Officer

    I worked at Countrywide Home Loans full-time for more than a year

    Pros

    location of company in big city

    Cons

    on going sexual harassment of female employees

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

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