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Countrywide Financial Reviews

16 reviews

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4.0
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Countrywide Financial CEO Angelo R Mozilo
Angelo R Mozilo
2 Ratings

16 Employee Reviews

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  1. "Entrepreneurial culture"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Vice President in Calabasas, CA
    Former Employee - Vice President in Calabasas, CA
    Recommends
    Negative Outlook
    Approves of CEO

    I worked at Countrywide Financial full-time (More than 5 years)

    Pros

    Countrywide has a very entrepreneurial culture, with a strong build over buy preference. This is great for information technology resources.

    Cons

    Department practices are very different, need to make sure that the department you work in matches your style of development.

    Advice to Management

    Management should great one culture and not multiple small empires.


  2. "Good"

    StarStarStarStarStar
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Financial Services Representative in Dallas, TX
    Former Employee - Financial Services Representative in Dallas, TX
    Disapproves of CEO

    Pros

    Location, Salary, People, on site cafeteria

    Cons

    Less opportunity for advancement than other companies

    Advice to Management

    thanks for not being micro managers

  3. "Strong management, visionary and focused on accomplishing goals"

    StarStarStarStarStar
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Vice President in Calabasas, CA
    Former Employee - Vice President in Calabasas, CA
    Recommends
    No opinion of CEO

    Pros

    They had clarity regarding key initiatives and were very supportive to insure goals were attained.

    Cons

    Heavy volumes at times made it difficult to balance work/life.

    Advice to Management

    Good leadership within divisions and across divisions was very good


  4. "Fast paced but room to advance"

    StarStarStarStarStar
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee in Plano, TX
    Former Employee - Anonymous Employee in Plano, TX
    Recommends
    Approves of CEO

    Pros

    great advancement opportunites and compensation, very collegial workforce, a number of long term employees, pride in the company, growing fast

    Cons

    very fast paced, never enough staff to do the work needed, seems as if all communications, programs etc were focused on the LCD (i.e. lowest common denominator) employees, short cubicle walls

    Advice to Management

    to many levels of VPS


  5. "Its too bad the organization had to be purchased"

    StarStarStarStarStar
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Loan Officer in Philadelphia, PA
    Former Employee - Loan Officer in Philadelphia, PA
    Recommends
    No opinion of CEO

    Pros

    Training from the managers and the pay earned

    Cons

    We had to work a lot of hours to cover various time zones and the schedule wasnt always set.

    Advice to Management

    keep communicating to the teams so they know what is going to happen


  6. "A few thoughts"

    StarStarStarStarStar
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Account Executive in Richardson, TX
    Current Employee - Account Executive in Richardson, TX
    Recommends
    No opinion of CEO

    Pros

    Countrywide is a good place to work because you are working for a large financial firm where many different opportunities for growth are available. This company encourages moving into different positions in various departments throughout your career at the company. Having this experience in different fields make an individual more valuable, as you acquire many different skillsets, which always looks good on a resume. You are able to achieve this all while staying under the umbrella of Countrywide and maintaining job stability.

    Cons

    Countrywide can be an extremely disorganized organization. One of the favorite sayings is that if you don't understand a policy or procedure and ask 10 different people, you will get 10 different answers.

    Advice to Management

    To treat everybody fairly and equally.


  7. "Two thumbs up for Countrywide"

    StarStarStarStarStar
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Financial Services Representative in Saint Louis, MO
    Current Employee - Financial Services Representative in Saint Louis, MO
    Recommends

    Pros

    The company had very good CD and MMA rates which made it easier to hit my goals. The work environment is nice and I don’t have a manager over my shoulder constituently. Overall it is a great company to work for.

    Cons

    I would say there are only a few downsides to the company and the way the offices are set up. With there only being 1-2 employees in each office getting time off can be a little difficult some times. District manager was not educated at all in what I did on a day to day basis and didn't really provide any help in most situations.

    Advice to Management

    Spend some time learning what your employees are doing day to day instead of just looking at the bottom line

  8. "Great place to work when it was number 1 in the industry"

    StarStarStarStarStar
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Operations Analyst in Los Angeles, CA
    Former Employee - Operations Analyst in Los Angeles, CA
    Recommends
    Approves of CEO

    Pros

    The company offered a brand name to be associated to. The mere mention of who you work for opened doors with prospective clients and business partners. The Countrywide University program was a great introduction into the mortgage banking industry for a recent college grad. It allowed you to rotate across the vast divisions of the company and get a feel for which one suited you best. Of course the right fit depended upon an opening but in most cases the participants I knew got in to the department they hoped for. Opportunity seemed plentiful and the future seemed bright for most.

    Cons

    At times the when expections were met, the support lacked to fulfill the goals attained.

    Advice to Management

    Continue to seize opportunities when they present themselves as they have done so in the past.


  9. "Intern who worked in Associate Development Program"

    StarStarStarStarStar
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Intern in Woodland Hills, CA
    Former Employee - Intern in Woodland Hills, CA
    Recommends
    No opinion of CEO

    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 Management

    Figure out your message and express it.


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

    StarStarStarStarStar
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Loan Officer in Franklin, TN
    Former Employee - Loan Officer in Franklin, TN
    Recommends
    No opinion of CEO

    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 Management

    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.


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