COUNTRYWIDE HOME LOAN REVIEW
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Since 1969, Countrywide has helped millions of American families realize the dream of homeownership. Our experience in residential finance has given us the special insight needed to help consumers effectively reach their financial goals and to offer financial services companies and institutions powerful resources for achieving profitability. Today, Countrywide Financial meets the needs of consumers and business clients through our core business - mortgage banking - while also offering products and services from our growing synergistic business segments, which include Banking, Insurance, Capital Markets, Loan Closing Services and Global Operations.
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Company Press At Countrywide, we're ever mindful that our performance and reputation are predicated on our devotion and determination to achieve total customer satisfaction in all of our activities. From our home loan sales team to our insurance operations, we strive for the highest possible levels of satisfaction among customers, business partners, shareholders and employees.
Among the many ways we ensure satisfaction is through our commitment to a diverse workforce. Our business practices are based on respect, ethics and responsibility. One example of this commitment is our Emerging Markets initiative. The overall goals of this initiative are to build trust, strengthen relationships, increase Countrywide's strong brand recognition, continue to diversify the company's workforce, and increase the number of home loans we provide to African Americans, Asians and Hispanics.
Contact 1-888-304-3927 Countrywide Home Loans, Inc. 4500 Park Granada Calabasas CA 91302 US
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Professional Review On March 14, 1969, the umbrella organization, Countrywide Credit Industries, was founded. The mortgage lending subsidiary that would one day become Countrywide Home Loans was then called Countrywide Funding Corporation.
Six months later, Countrywide went public, trading over the counter at less than $1 per share. The initial public offering did not raise much capital, but undaunted, Mozilo and Loeb pressed on. Leaving New York, they opened a small office in Los Angeles where the housing market was booming.
Like most mortgage bankers at the time, Countrywide offered FHA and VA loans only. Lack of capital was a constant problem, and after five years in business Countrywide could no longer afford to play by the old rules of mortgage banking.
By the late-70s, Countrywide was investigating ways to increase efficiency in the loan process. Searching for a way to reduce paperwork through technology, the company developed the industry's first PC-based loan servicing system. Within a year, the data in 12,000 loan files was computerized and available in real time to computer users throughout the company, precipitously reducing the cost to service a loan.
In 1995, Countrywide made a major move to reach out directly to consumers. A new Consumer Markets Division was formed, combining the retail branch system with the telemarketing group.
Loan business was viewed from a consumer point of view. The mortgage company was renamed, Countrywide Home Loans, a friendly, more consumer-oriented brand name. The actual process of obtaining a home loan was made more seamless and the advertising campaign "Easy. Really.®" was launched.
To create stronger bonds with its existing customers, Countrywide created monthly billing statements that included customized messages about other products that might be beneficial to individual customers.
The Countrywide family was now strongly positioned to grow through diversifying its loan products and offering financial services beyond its core mortgage business.
Customer Reviews December 19, 2005 Countrywide was able to help me get a second mortgage when others were either unwilling or unable to help me out. Thanks Countrywide.
December 18, 2005 Even before I filled out any applications for a loan, they were very willing to answer all my questions. Also, they were upfront with all their fees and costs.
December 10, 2005 Never had an experience where the lender didn't try to push a loan on me until now. Countrywide were very understanding and patient about waiting for me to decide on my mortgage lender. Very surprising.
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