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Q: Organization Chart for Countrywide Credit Industries ( No Answer,   0 Comments )
Question  
Subject: Organization Chart for Countrywide Credit Industries
Category: Business and Money
Asked by: cashus-ga
List Price: $10.00
Posted: 06 Aug 2002 09:05 PDT
Expires: 05 Sep 2002 09:05 PDT
Question ID: 51258
I am looking for the organizational chart for countrywide credit
insustries. Specifically, I would like to know how the senior
management is organized hieratically. They are headquartered in
Calabasis,CA. Countrywide Credit Industries is the parent, or umbrella
company for these primary business units:
Countrywide Home Loans, Full Spectrum Lending, LandSafe Inc.,
Countrywide Insurance Services, Balboa Life & Casualty Group, Second
Charter Reinsurance Company, Countrywide Capital Markets, Treasury
Bank NA, Global Home Loans

Request for Question Clarification by ozguru-ga on 06 Aug 2002 17:23 PDT
Dear cashus,

Although this is not a chart, I believe it would answer most questions
about lines of responsibility through the senior management levels:

From Countrywide 2001 Annual Report, page 2 and 3:
http://media.corporate-ir.net/media_files/NYS/CCR/reports/ccr_ar00.pdf

"... The last few years have brought increasing complexity to our
business. Although our infrastructure has been strong enough to manage
this complexity, nevertheless it became clear that high-level
organizational changes were needed to prepare us for the rapid growth
and continued diversification which we expect in the coming years.

Therefore, we made the decision to realign our top-level management
structure into four newly developed Senior Managing Director roles....

Kevin Bartlett is Senior Managing Director and Chief of Secondary
Markets for Countrywide. As such, he is responsible for the
securitization and sale of the mortgages we originate. He oversees our
mortgage-backed securities trading desk as well asall mortgage pricing
and hedging activities. Among his other accomplishments, he was
responsible for brokering the unique
strategic alliance between Countrywide and Fannie Mae in 1999. ...

Tom Boone is Senior Managing Director and Chief of Global Processing.
He now oversees domestic loan servicing and sub-servicing,
international processing and consulting, and other transaction
processing.

David Sambol is Senior Managing Director and Chief of Production. He
oversees all segments of our loan origination net-work, including our
retail branches, telemarketing, and Internet production; our mortgage
broker operations; our correspondent lending division; and our
subprime lending operations. In addition, he is in charge of our
investment banking subsidiary, Countrywide Capital Markets...

Carlos Garcia is the Senior Managing Director of Finance and Chief
Financial Officer for Countrywide, and Chief Operating Officer for its
subsidiary Countrywide Home Loans, Inc. He is responsible for all
corporate operations including finance, administration, human
resources and technology. In addition, he oversees Countrywide’s
insurance and banking subsidiaries."

Further corporate officers are listed on page 55-60.

Please let me know if this is satisfactory and I will repost as an
answer or please describe any further clarification that you would
like.

Regards,

Clarification of Question by cashus-ga on 07 Aug 2002 06:34 PDT
ozguru-ga,
Thanks for this information. It is informative, however it is not
exactly what I am looking for. What I would like to know is how the
organization is structured - specifically who reports to who and how
the various business units are alligned. Thanks for your efforts.
Answer  
There is no answer at this time.

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