Countrywide Financial Reviews | Glassdoor

Countrywide Financial Reviews

Updated May 2, 2017
86 reviews

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86 Employee Reviews

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  1. "Politics is high. Hard work not consistently recognized or even recommended."

    Star Star Star Star Star
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee in Los Angeles, CA
    Former Employee - Anonymous Employee in Los Angeles, CA
    Disapproves of CEO

    Pros

    Large company with many different perspectives and varying degrees of talent and skill to learn from.

    Cons

    Those in cushy positions are sometimes impossible to deal with.

    Advice to Management

    Politics is inevitable in any environment. However some of this should be monitored and the skill-experience-compensation relationship should be baselined to make sure those with valuable skills are compensated accordingly.


  2. "Intellectually challenging but intense and often competitive work environment"

    Star Star Star Star Star
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Managing Director in Calabasas, CA
    Former Employee - Managing Director in Calabasas, CA
    No opinion of CEO

    Pros

    If you're smart and willing to seek new challenges/responsibilities, you'll often get them. Networking is key - who you know (and who likes you) matters.

    Cons

    Long hours, tight deadlines, unrealistic expectations from executive management - all of these things are a factor in the day-to-day environment (not just once in a while.)

    Advice to Management

    Listen to your in-house experts, especially the ones who don't agree with everything you say. They likely know more than you do and are probably right.


  3. "Working at the Plano office of Countrywide"

    Star Star Star Star Star
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Quality Assurance Analyst in Plano, TX
    Former Employee - Quality Assurance Analyst in Plano, TX
    Doesn't Recommend
    Disapproves of CEO

    Pros

    The only reason I would ever want to work at Countrywide again would be the fact that they got bought out by Bank of America. The company name "Bank of America" would be a good stepping stone for people to move into smaller companies with better pay.

    Cons

    I could go on forever about how terrible this place was. The managers never had any work to do, yet they tried to act like they were really busy. The same went for most of the employees here. We were given lots of "drive around the parking lot" work. I felt like I was becoming dumber every day I went in. The work that we were given was hardly ever challenging. The salary and bonuses were also terrible. I would avoid this place at all costs. Bank of America made a dumb move in acquiring this run down company.

    Advice to Management

    Cut down the number of VPs and SVPs you have in the company. A 3 to 1 employee to manager ratio is just ridiculous.


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  5. "Fast paced but room to advance"

    Star Star Star Star Star
    • 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


  6. "The Worst Job I Ever Had!"

    Star Star Star Star Star
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Financial Advisor in Broomall, PA
    Former Employee - Financial Advisor in Broomall, PA
    Doesn't Recommend
    Disapproves of CEO

    Pros

    Met some nice co-workers that I've remained friends with.

    Cons

    Worked Holidays and never received doubletime. We were paid hourly. Management would tell you you could take a day off another time to make up for the extra day. It was a payroll nightmare.

    Advice to Management

    The only people that made money here were people in top management; otherwise, you are used for the most part.


  7. "The company that could have been"

    Star Star Star Star Star
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee in Calabasas, CA
    Former Employee - Anonymous Employee in Calabasas, CA
    Doesn't Recommend
    Disapproves of CEO

    Pros

    During the housing boom, Countrywide was one of the fastest growing public companies around. Senior management was probably the most knowledgable about the mortgage industry.

    Cons

    The different divisions (e.g., mortgage, banking, insurance, etc.) and overhead functions did not work together in the most collaborative and effective way; instead, performance was based on individual achievements. Professionally managed companies make sure that divisions and functions work together, sharing resources and intellectual capital. Countrywide, unfortunately, was not quite there.

    Advice to Management

    Better risk management and more focus on long-term growth is needed rather than the desire to chase market share.


  8. "Poisen"

    Star Star Star Star Star
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Senior Product Manager in Seattle, WA
    Current Employee - Senior Product Manager in Seattle, WA
    Doesn't Recommend
    Disapproves of CEO

    Pros

    Once BofA Purchased (errrr saved) the company, I could pretty much do whatever I wanted too during the transition. Decent manager, but couldn't answer tough questions

    Cons

    This place was poisen from the time I walked through the door. The only reason why I even accepted was the market was in the tanks and it was the best option at the time. Sr. leadership was a joke made up of diciples of Angelo Mozilo (ie. the Orange Man).

    Advice to Management

    B of A folks weren't much better, they just have deep enough pockets. My advice, don't think becasue someone is a Black Belt in Six Sigma, they have any clue what they are doing. Some of the biggests fools I've ever met had a black belt.


  9. "Countrywide - a company that became to greedy"

    Star Star Star Star Star
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Vice President in Tempe, AZ
    Former Employee - Vice President in Tempe, AZ
    Doesn't Recommend
    Disapproves of CEO

    Pros

    They pay at high rate compared to others.

    Cons

    There was poor communication with senior leadership
    They did not follow through on quality
    There was not a bias for action
    They did not care about employee retention
    Countrywide's Benefits are weak relative to others in the industry
    Senior Leadership needs to back up employee suggestions and fight for them
    Vacation is low relative to others in the industry

    Advice to Management

    Listen to your employees.
    Use facts to make decisions instead of using your gut
    Senior Leadership needs to back up employee suggestions and fight for them
    Senior Leadership needs to focus on employee rentention


  10. "dont expect much from this employer if you're looking to grow."

    Star Star Star Star Star
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Financial Analyst in Pasadena, CA
    Current Employee - Financial Analyst in Pasadena, CA
    Doesn't Recommend
    Disapproves of CEO

    Pros

    CW pays better than its competitors. You can expect to get paid in average about 5,000 more than other companies. Depends on what department you work for, it could be very intense but you get what paid for working hard.

    Cons

    lack of communication between management and employee. Management like to keep what's going on under the carpet and wont discuss with employee until it's exposed on the news.

    Advice to Management

    communicate more with employee. create a mentorship for to help employee grow


  11. "Countrywide is not a good company to work for or be a customer of"

    Star Star Star Star Star
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Senior Suspense Coordinator in Tampa, FL
    Former Employee - Senior Suspense Coordinator in Tampa, FL
    Doesn't Recommend
    Disapproves of CEO

    Pros

    If your homeless, its winter-time and you live in a cold climate. If unable to get government assistance than I would recommend you try getting a job at countrywide.

    Cons

    Countrywide does not pay a living wage and has nothing but contempted for it employees, who get treated even worse than the customers.

    Advice to Management

    You should all quit


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