Countrywide Home Loans

www.countrywidehomeloans.com
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Countrywide Home Loans Reviews

Updated January 25, 2015
86 reviews filtered by
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3.0
86 Reviews
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Recommend to a friend
Approve of CEO
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Angelo Mozilo
22 Ratings

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)

  • Questionable ethics by senior management (in 4 reviews)

More Pros and Cons

Employee Reviews

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  1. Boiler Room

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

    I worked at Countrywide Home Loans full-time (More than a year)

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    Pros

    Good money, less than average wages, light on the feet, feel good. They know how to work you.

    Cons

    Boiler Room. too much time working. Have good knowledge of nothing. Funny to listen to.

    Advice to Management

    Office culture is ignorant at best.

  2. Interesting

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

    I worked at Countrywide Home Loans full-time (More than a year)

    Doesn't Recommend
    Negative Outlook
    Doesn't Recommend
    Negative Outlook

    Pros

    Took care of their employees while they still had money

    Cons

    They collapsed the housing market!

    Advice to Management

    Karma is a mother.

  3. The stress almost killed me.

    • Comp & Benefits
    • Work/Life Balance
    • Career Opportunities
    Former Employee - FHA/VA Processor
    Former Employee - FHA/VA Processor

    I worked at Countrywide Home Loans

    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO
    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO

    Pros

    I made "OK" money. I don't have 5 words worth of Pros.

    Cons

    Most horrible work experience of my life. Overtime was not allowed, but no way to process the volume demanded in 40 hours - we "sneaked" work home while management looked the other way. Very cliquish; favorites got the simplest loans, others got beat up.

    Advice to Management

    Enjoy your golden parachutes. They held a major role in the crash of the economy, it still hasn't recovered, and many should be in jail, Angelo first and foremost - he chose greed.

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  5. 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 (More than 10 years)

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    Pros

    Numerous opportunities were available in order to grow.

    Cons

    Questionable ethics by senior management

  6. 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 (More than 5 years)

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    Pros

    permotions, had a good boss

    Cons

    a lot like high school they had clicks

  7. 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 (More than 5 years)

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    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 Management

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

  8. 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 (More than 3 years)

    Recommends
    Neutral Outlook
    Approves of CEO
    Recommends
    Neutral Outlook
    Approves of CEO

    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 Management

    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.

  9. Great place to work

    • Senior Management
    • Culture & Values
    Former Contractor - Anonymous Contractor
    Former Contractor - Anonymous Contractor

    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 Management

    Share more details of upcoming projects...

  10. 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 (Less than a year)

    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO
    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO

    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 Management

    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.

  11. 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 (More than 8 years)

    Doesn't Recommend
    No opinion of CEO
    Doesn't Recommend
    No opinion of CEO

    Pros

    At CW the management was fair

    Cons

    At CW the pay was low.

    Advice to Management

    N/A

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