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Countrywide Financial Reviews

85 reviews

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Full-time Part-time

2.6
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Countrywide Financial CEO Angelo R Mozilo
Angelo R Mozilo
4 Ratings

85 Employee Reviews

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  1. "I miss working for Countrywide!"

    Star Star Star Star Star
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Recruiter in Chandler, AZ
    Former Employee - Recruiter in Chandler, AZ
    Recommends
    No opinion of CEO

    Pros

    The recruitment team at the bank is by far the best I've ever worked for. The leadership was awesome to work for.

    Cons

    The B of A acquisition and the uncertainty of the bank's future.

    Advice to Management

    Keep up the great work!


  2. "Despite a tough market, Countrywide has been fair in compensating for performance."

    Star Star Star Star Star
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Assistant Vice President - Financial Analysis in Phoenix, AZ
    Current Employee - Assistant Vice President - Financial Analysis in Phoenix, AZ
    Recommends
    No opinion of CEO

    Pros

    Countrywide compensates very well for individuals willing to work hard. Dispite the downturn in the mortgage industry, the company looks for creative ways to compensate its employees. I was approved for a promotion durning the company's acquisition by Bank of America. While the raise was a little lower than I had hoped, I was still happy the promotion when through in such an adverse environment.

    Cons

    The downturn in the mortgage industry has led to downsizing in some departments.

    Advice to Management

    None.


  3. "Place for growth"

    Star Star Star Star Star
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - First Vice President in Calabasas, CA
    Former Employee - First Vice President in Calabasas, CA
    Recommends
    Approves of CEO

    Pros

    Excellent professional environment, great exposure to industry and technology, endless opportunities to learn and grow. Countrywide has a variety of subsidiaries in the financial industry, mostly mortgage - and promotes employees to move and look for opportunties internally. They have excellent framework to promote new ideas, processes - both in technology and business. In the technology side, mostly home built solutions that are cutting edge and ahead of the industry. A great pool of talents, and outstanding team and professional atmosphere.

    Cons

    Stability due to economic downturn

    Advice to Management

    None at this time


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  5. "The best first job I ever could have asked for"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Sales Manager in Phoenix, AZ
    Former Employee - Sales Manager in Phoenix, AZ
    Recommends
    Neutral Outlook
    Approves of CEO

    I worked at Countrywide Financial full-time (More than 3 years)

    Pros

    people, atmosphere, pay, and PAY. Some of the smartest and most driven people were my colleagues. I met some of my best friends, made very good money and had a great time while doing it. The company was very professional, yet there was a very team oriented brotherhood.

    Cons

    Long hours, lack of advanced training. Of course there is going to be some bad apples. In every company you work plenty of uneducated, bad employees walk through the doors, but they were weeded out quickly.

    Advice to Management

    The credit crisis of 2008 was a problem not only for this one but for most of the world. I don't think there was much they could have done to mitigate that. Could they have weathered the storm better...yes, but a sale to Bank of America for around 4 Billion wan't terrible. The loss of stock price and equity for many employee's was something that was a hard pill to swallow, but like many other companies during the bubble it could have been worse.


  6. "Company needs to practice what they preach."

    Star Star Star Star Star
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Vice President Pricing in Los Angeles, CA
    Current Employee - Vice President Pricing in Los Angeles, CA
    Recommends
    Disapproves of CEO

    Pros

    Money and opportunity. When times were good, they took care of us. Lots of opportunity to transfer and learn. Great seminars given by industry insiders.

    Cons

    Company grew too fast. Not enough communication between groups and with senior management. Since times are tough now, they are going thru mass layoffs. Jobs are very unstable, but that's expected. Nepotism/favoritism is rampant.

    Advice to Management

    Better communication with employees and public. Better ethics. Pay does not seem equitable. They ask employees to cut back, yet don't cut back themselves.


  7. "Good people, good company, but needs to grow up to fit it's big shoes. Still operates too much like a small company."

    Star Star Star Star Star
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - First VP in Calabasas, CA
    Current Employee - First VP in Calabasas, CA
    Disapproves of CEO

    Pros

    Good people, culture, work-life balance, very generous rewards.

    Cons

    Too much preference toward subject-matter-experts and not enough emphasis on good business management skills.

    Advice to Management

    Look around... the ways you've been running your groups aren't necessarily the ways to run them in the future.


  8. "Needs lot of improvements."

    Star Star Star Star Star
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Vice President in Simi Valley, CA
    Current Employee - Vice President in Simi Valley, CA
    No opinion of CEO

    Pros

    Work environment and people around you are kind and courteous. They also have various software and hardware environment, hence considered as one of the companies that uses cutting edge technologies. If you know how to swim through corporate bureaucracy you will find yourself in a good position to excel in career. Balancing your work and life is easy when you work for Countrywide, because managers understand how to treat employees and will not pressurize you when they know that the work is being done on time and deliverables are met without any slack. They have a very good process to get employees feedback.

    Cons

    You will never know what is in store for you until last minute. This is because even at higher management level, they have not been kept updated about latest happening in the company. Hence you will end up finding it very late and there is no time to react to situation that you have been faced with.

    Advice to Management

    Be more involved and close to employees and reward them accordingly.


  9. "Although Countrywide is not more, the direction under Bank of America is positive."

    Star Star Star Star Star
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Assistant Vice President, Business Systems Analysis in Pasadena, CA
    Current Employee - Assistant Vice President, Business Systems Analysis in Pasadena, CA
    Recommends
    No opinion of CEO

    Pros

    The people. Everyone is smart, professional and willing to do what it takes to get the job done. Most people care about the company and the direction it takes. They care about the customers and ensure that we are always doing the right the thing.

    Cons

    Sr. Management doesn't seem to know what's happening within each group. Rather then looking for strong leaders within the organization they go outside. The issue with this is that these people don't last. This causes stress on the employees, and ensures that people wont stay, as they don't see opportunities for growth.

    Advice to Management

    Look at the way you treat your employees. Look internally, and learn about the people that work for you. When other's depart seek direction from those they lead. If you lost a good manager, it's probably a safe bet that they left behind good employees that will provide direction and possible management.


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

    Star Star Star Star Star
    • 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.


  11. "Intern who worked in Associate Development Program"

    Star Star Star Star Star
    • 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.


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