Industry News

Countrywide reverses course, goes on hiring binge

Grows market share while cutting subprime production

Countrywide Financial Corp. will add 2,000 workers to its sales force, following through on past statements by founder and Chief Executive Officer Angelo Mozilo that the lender would seek to pick up market share from struggling competitors. Mozilo announced plans to boost the company's sales force at an investment conference Monday and Countrywide issued a press release today detailing its recruiting campaign, which will also involve additional hiring of workers with experience in information technology, underwriting, banking, insurance sales, customer service and loss mitigation. The press release describes an "aggressive campaign" to recruit mortgage professionals, including those with a background in prime or nonprime loan sales, both retail and wholesale. Countrywide spokesman Rick Simon told Inman News that the new hires in sales will be distributed throughout the company's network of 996 retail branches, and that the company plans to add 100 additional branches by ...

Comments