Countrywide Home Loans Reviews | Glassdoor

Countrywide Home Loans Reviews

Updated May 21, 2017
105 reviews

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3.0
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Angelo Mozilo
29 Ratings

105 Employee Reviews

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Pros
Cons
  • CRASHED the world economy spiraling out of control to one of the worst declines in modern history (in 4 reviews)

More Pros and Cons

  1. "AP"

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

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

    Pros

    Diversity, work environment, great benefits.

    Cons

    Office politics, long commute to work.


  2. "Managementl"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee in Dallas, TX
    Former Employee - Anonymous Employee in Dallas, TX
    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

    Pros

    Part of spin off company from Countrywide.

    Cons

    Numerous changes in workflow processes.

    Advice to Management

    Stop spending money needlessly.

  3. "Mortgage Closer"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Mortgage Closer in Grand Rapids, MI
    Former Employee - Mortgage Closer in Grand Rapids, MI
    Doesn't Recommend
    Positive Outlook

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

    Pros

    Great potential for ample bonus income and overtime in a fast paced environment while helping people secure loan financing.

    Cons

    Managenent did not do a very good job of following loan underwriting guidelines which lead to questionable loan decisions that were ultimately not in the best interest of customers.

    Advice to Management

    The company is now out of business for good reason and higher standards for loan origination have been put in place.


  4. "Programmer Analyst"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Programmer Analyst in Chino Hills, CA
    Current Employee - Programmer Analyst in Chino Hills, CA
    Recommends
    Neutral Outlook
    No opinion of CEO

    I have been working at Countrywide Home Loans (Less than a year)

    Pros

    Casual work environment was relaxing

    Cons

    Somewhat lacking in team knowledge sharing

    Advice to Management

    Enhance team mindset


  5. "Loan Administration"

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

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

    Pros

    Great bonus money..Over time..people.great benfits

    Cons

    I really don't have con's but ..I wish bank of America never took over..

    Advice to Management

    Countywide needs to come back with a different name..


  6. "Temp to Perm"

    StarStarStarStarStar
    Former Employee - Education Executive Administrative Assistant in Crete, IL
    Former Employee - Education Executive Administrative Assistant in Crete, IL

    I worked at Countrywide Home Loans full-time (More than 8 years)

    Pros

    Good people to work with

    Cons

    The company got bought out


  7. "Technology"

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

    Pros

    Flexible company to work with.

    Cons

    Great company with bad business policies

  8. "Was a great place to work"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee in Rancho Cucamonga, CA
    Former Employee - Anonymous Employee in Rancho Cucamonga, CA
    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

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

    Pros

    Great teams
    wonderful atmosphere
    everyone produced at optimum levels

    Cons

    Bank of America bought them out and didn't care about the people working htere

    Advice to Management

    better financial decisions...prevent a buyout


  9. "Interesting"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Loan Officer in Simi Valley, CA
    Former Employee - Loan Officer in Simi Valley, CA
    Doesn't Recommend
    Negative Outlook

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

    Pros

    Took care of their employees while they still had money

    Cons

    They collapsed the housing market!

    Advice to Management

    Karma is a mother.


  10. "Boiler Room"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Loan Officer in Spokane, WA
    Former Employee - Loan Officer in Spokane, WA
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

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

    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.


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