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

Employee Reviews

Sort: Popular Rating Date
  1.  

    Good pay, poor culture

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Former Employee - First Vice President in Los Angeles, CA (US)
    Former Employee - First Vice President in Los Angeles, CA (US)

    I worked at Countrywide Financial

    Pros

    Good pay compared to peers and responsibilities in other mortgage banks. Varied opportunities to try different careers in the organization.

    Cons

    Basically, a cowboy culture combined with nepotism. Long hours, no work/life balance once you moved pass VP title.

    Advice to ManagementAdvice

    Review the corporate culture and start living the values it is supposed to represent.

    Doesn't Recommend
    No opinion of CEO
  2.  

    OK place to work

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

    I worked at Countrywide Financial

    Pros

    Aggressive growth slowed as the business grew; same happend with the culture. Some areas were rough, but most areas were just a normal company.

    Cons

    Bad reputation will hurt my resume going forward.

    Advice to ManagementAdvice

    Should have kept your interest rate hedges.

    No opinion of CEO
  3.  

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

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

    I worked at Countrywide Financial

    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 ManagementAdvice

    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.

    Disapproves of CEO
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  5.  

    Intellectually challenging but intense and often competitive work environment

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Former Employee - Managing Director in Calabasas, CA (US)
    Former Employee - Managing Director in Calabasas, CA (US)

    I worked at Countrywide Financial

    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 ManagementAdvice

    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.

    No opinion of CEO
  6.  

    Junior review of Countrywide

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

    I worked at Countrywide Financial

    Pros

    The particular Countrywide group I worked in was great, senior management was extremely knowledgeable and had a great track record of success. Additionally, we were compensated well and given room to grow.

    Cons

    There wasn't a path to management within the company. Additionally, the crisis proved that things were not as well as they seemed.

    Advice to ManagementAdvice

    Too late now..... . . . . . . . . . . . . . . . . .

    Disapproves of CEO
  7.  

    Working at the Plano office of Countrywide

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

    I worked at Countrywide Financial

    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 ManagementAdvice

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

    Doesn't Recommend
    Disapproves of CEO
  8.  

    Fast paced but room to advance

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

    I worked at Countrywide Financial

    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 ManagementAdvice

    to many levels of VPS

    Recommends
    Approves of CEO
  9.  

    Inflated Titles and Lack of Consistency Across Groups

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Former Employee - AVP, Internal Audit
    Former Employee - AVP, Internal Audit

    I worked at Countrywide Financial

    Pros

    Most people were good people which made the environment nicer. The salary and benefits were in line with similar jobs both in the banking industry and outside.

    Cons

    Lack of direction by upper internal audit management. Huge disparity between groups within internal audit from everything to quality of deliverables to time off. The department was very top heavy with lots of elevated titles for people who were doing administrative tasks.

    Advice to ManagementAdvice

    Maybe if all internal audit groups were held to the same standard, some of the things that caused the collapse may have been uncovered sooner.

    Doesn't Recommend
    Disapproves of CEO
  10.  

    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
  11.  

    Bloated middle management layer

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

    I worked at Countrywide Financial

    Pros

    laid back environment in some offices,

    Cons

    Some offices are like cattle farms, there are too many VPs, SVPs and other middle managers, many of whom don't even have anyone reporting to them

    Advice to ManagementAdvice

    improve quality of work environment for lower level workers (below SVP level).

    No opinion of CEO

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