Countrywide Financial

  www.countrywide.com
  www.countrywide.com

Countrywide Financial Reviews

82 Reviews
2.7
82 Reviews
Rating Trends

Recommend to a friend
Approve of CEO
Countrywide Financial CEO Angelo R Mozilo
Angelo R Mozilo
4 Ratings

Review Highlights

Pros
  • The best reason to work for Countrywide is that it is now a part of Bank of America (in 5 reviews)

  • A lot of the people who work for the company are nice and intelligent (in 3 reviews)


Cons
  • Also, work life balance is a non-idea at Countrywide (in 5 reviews)

  • You have to be willing to work very hard with no one seeming to notice (in 4 reviews)

More Highlights

15 Employee Reviews Back to all reviews

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  1.  

    bankrupt

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Manager in Plano, TX (US)
    Former Employee - Manager in Plano, TX (US)

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

    Pros

    good co workers good benefits

    Cons

    sweat shop, bankrupt bankrupt bankrupt bankrupt bankrupt

    Advice to ManagementAdvice

    less management

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  2.  

    The Worst Job I Ever Had!

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Former Employee - Financial Advisor in Broomall, PA (US)
    Former Employee - Financial Advisor in Broomall, PA (US)

    I worked at Countrywide Financial

    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 ManagementAdvice

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

    Doesn't Recommend
    Disapproves of CEO
  3.  

    Poisen

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - Senior Product Manager in Seattle, WA (US)
    Current Employee - Senior Product Manager in Seattle, WA (US)

    I have been working at Countrywide Financial

    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 ManagementAdvice

    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.

    Doesn't Recommend
    Disapproves of CEO
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  5.  

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

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Former Employee - Senior Suspense Coordinator in Tampa, FL (US)
    Former Employee - Senior Suspense Coordinator in Tampa, FL (US)

    I worked at Countrywide Financial

    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 ManagementAdvice

    You should all quit

    Doesn't Recommend
    Disapproves of CEO
  6.  

    Hopefully now that Ken Lewis is running the show things will be better

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Former Employee - Production Manager
    Former Employee - Production Manager

    I worked at Countrywide Financial

    Pros

    The pay was hard to beat elsewhere

    Cons

    In order to earn that much money you had to trade the rest of you life outside of work. My family almost forgot who I was because I was working so much.

    Advice to ManagementAdvice

    Senior management is the primary reason this company is now part of Bank of America. So the advice I would give them is good luck in retirement.

    Doesn't Recommend
    Disapproves of CEO
  7.  

    Worst Job in the Nation!

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Former Employee - Business Analyst II in Plano, TX (US)
    Former Employee - Business Analyst II in Plano, TX (US)

    I worked at Countrywide Financial

    Pros

    There really is not a lot of good reasons to work for Countrywide. They used to have superior health benefits but for the past several years they have been scaling back and requiring the employee's to pay more out-of-pocket. Their insurance really isn't all that good any longer. I guess the best reason to work for me to work at Countrywide was that it was 15 minutes from my house.

    Cons

    They are a very reactive not proactive company. Half the time is spent putting out wild fires for management rather than being productive in your job.
    Management is VERY prone to take credit for employee's work, it is a very dog-eat-dog environment. I have also seen that the abvility to move up in the company is somewhat based on how well the employee can "kiss up" and not based on knowledge or hard work.
    Countrywide also tends to hire nonprofessional individuals which creates a nonprofessional atmosphere.

    Advice to ManagementAdvice

    Having had the opportunity to work in three separate division during my career at Countrywide, I found that Senior Management is not involved enough with the work that is really going on. They are more concerned with covering mistakes they've made and having everyone work around the clock for insignificant reasons. With these inefficiencies, it causes more critical errors that has been in the long run the demise of Countrywide Financial Corp.

    Doesn't Recommend
    No opinion of CEO
  8.  

    Countrywide is a terrible place to work.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Former Employee - Credit Analyst I in Tempe, AZ (US)
    Former Employee - Credit Analyst I in Tempe, AZ (US)

    I worked at Countrywide Financial

    Pros

    You could put in a lot of overtime.

    In fact, it was required!

    Cons

    Management in my department were prejudiced against you if you were not Hispanic . . . . they would talk about you in Spanish and laugh making it obvious which employee they were belittling.
    They belittled employees instead of encouraging them to do better. And they made sure other employees heard.
    High turnover as we all found jobs with companies that treated their employees like people.
    They made promises about advancement but never followed through.

    Advice to ManagementAdvice

    They brought the ghetto from California to run the Tempe Landsafe offices. BIG mistake. They have no respect for the employees and the employees leave taking all the training and knowledge with them.

    Doesn't Recommend
    Disapproves of CEO
  9.  

    Working there could easily turn out to be the worst decision you could make

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Former Employee - Operations Specialist in Westlake Village, Los Angeles, CA (US)
    Former Employee - Operations Specialist in Westlake Village, Los Angeles, CA (US)

    I worked at Countrywide Financial

    Pros

    Pay, selection of jobs to choose from, various job sectors

    Cons

    Working environment, reputation, policies, management,

    Advice to ManagementAdvice

    The attitude of this company seems to start with the top (Angel Mozilo), and they should (and I believe will) totally revamp and start over

    Doesn't Recommend
    Disapproves of CEO
  10.  

    It Deserved to Fail

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - Vice President
    Current Employee - Vice President

    I have been working at Countrywide Financial

    Pros

    In certain divisions, there used to be a lot of growth and promotion opportunity. Compensation was very uneven, but some people were paid extremely well, especially relative to their skillset and contribution.

    Cons

    Too many to enumerate. Across the board, the physical and social environment is very uncomfortable. Social conversation is discouraged, and there is extremely little privacy, so it is difficult to form strong working relationships. There is a serious lack of ability and failure to manage people.

    Advice to ManagementAdvice

    Put people first. Take a semester-long ethics class. Get rid of the 3 foot tall cubicles.

    Doesn't Recommend
    Disapproves of CEO
  11.  

    scheduled breaks - "what time do you pee?"

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - Negotiator II Home Retention Division in Richardson, TX (US)
    Current Employee - Negotiator II Home Retention Division in Richardson, TX (US)

    I have been working at Countrywide Financial

    Pros

    benefits if you can stand to stay long enough to qualify for them.

    Cons

    micromanagement and lack of respect for employees - no one in my department smiles or seems happy to be doing their jobs. we are supposed to be in the business of helping people and no one cares because they are so miserably controlled by management and the Aspect time management system nightmare. even long term employees are unhappy with this department and most are unhappy with the departments they came from. not a good recommendation.

    Advice to ManagementAdvice

    1. get people off of the Aspect time micromanagement system. you are turning everyone into clock watchers who are afraid of non-compliance for missing their pathetic 10 minute scheduled break. it interferes with a normal natural work flow.
    2. give us casual fridays. what is the big deal? we don't have face to face interaction with our customers.
    3. don't make employees, especially new employees you recruited because you disparately need them, feel like you don't trust them at all.

    Doesn't Recommend
    Disapproves of CEO

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