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All About Countrywide
The Countrywide which is the largest independent residential mortgage lending firm in the United States was founded by Angelo Mozilo and David Loeb on march 14th 1969. mortgage lending subsidiary the then called Countrywide Funding Corporation has helped millions of families find ways to accomplish their home ownership needs. The success of the company gave birth to five more Countrywide branches. In 1981, the company formed Countrywide Securities Corporation, a broker-dealer subsidiary that would sell securities backed by loans made.
In 1984, Countrywide was the first mortgage lender to use computers to originate home loans, reducing the time it took to create loan forms from a half hour to a few minutes. The firm had worked to lower the barriers to homeownership, especially among lower-income and minority individuals and families. In 1995, a new Consumer Markets Division was formed combining the retail branch system with the telemarketing group which was believed to be a major move to reach out directly to the consumers. To facilitate homeowners insurance for its loan customers Countrywide had operated Countrywide Insurance Services, Inc., a subsidiary and an insurance agency expanding its insurance product offerings to include homeowners, home protection, condo, life, health, disability and auto insurance.
Countrywide remains an American success story by setting new operational records and delivering strong earnings growth in a challenging business environment. The company's mission is to remove barriers to homeownership by supporting nonprofit organizations with missions to expand affordable housing opportunities.
The company provides insurance services in the following areas:
Homeowners
Life
Disability
Auto
Health
Commercial
Condo
The company also offers services on Home equity, Refinance, Loans on Espanol, Business banking and Savings link accounts. which takes its corporate and ethical responsibilities very seriously aims to provide value to its customers, investors andworkforce. The reputation for integrity and responsibility is illustrated by the company's commitment to diversity, ethics, lending and philanthropy.
Fortune magazine ranked Country 2nd in mortgage services among America's Most Admired Companies and it has been ranked 162 in the Barron's 500.
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