History and Overview of Countrywide Home Loans
With all of the different names and brands out there today,
wouldn’t it be nice to have a company you could always
trust? Perhaps you do have a certain type of shoe you always
buy, jeans that always fit, or a line of hygiene products
you prefer. Still, when it comes to bigger decisions, where
do you turn?
You may be able to test drive a vehicle you’re looking
to buy, and test out that stereo system you’re wanting
for the living room. You can inspect your furniture and household
appliances before you make a purchase. What about investing
your money, and receiving financial advice? Who do you trust?
How do you know your bank will take care of you, and where
should you go for a mortgage or home loan?
It is difficult to trust any company these days, with all
of the fraud and lawsuits in the news. So, wouldn’t
it be easier to go with a business that has an honest reputation
and a rich history? Countrywide Home Loans specializes in
taking care of all of your home finance needs, and has been
since 1969. Although Countrywide has expanded, evolved and
improved since that time, it is the same company with the
Originally started by two men in New York who yearned to
start their own mortgage company, Countrywide Credit Industries
was born with Countrywide Funding Corporation as the mortgage
and home loan lender, later to be called Countrywide Home
Along the way, Countrywide created Countrywide Security Corporation,
which would help brokers and dealers find security in loans.
As technology was emerging in the 80’s, Countrywide
also developed a PC-based system to take care of administration
and paperwork, which was the first of its kind in the lending
industry at that time.
Eventually what was once known as Countrywide Credit Industries
became the Countrywide Financial Corporation. The name change
occurred in 2002 when the company was branching out and needed
to make a name that enveloped all of these branches. Already
in 1995, Countrywide Funding Corporation had become known
as Countrywide Home Loans, Countrywide’s major subsidiary
along with many of its others that offer a variety of financial
Countrywide Home Loans offers mortgages, refinancing, home
equity lines of credit and other financial products used by
homeowners, real estate professionals and builders. Countrywide
provides service throughout the country with two regional
sales centers and 400 offices in different states. Countrywide
has grown strong over the years, earning itself a large customer
base and ongoing consumer loyalty that makes the corporation
one you can trust to be there for you.