Dead end job - Felt Like A Grunt PENNYMAC Employee Review

1.0
Aug 4, 2016
Recommend
CEO approval
Business Outlook

Pros

They make you pay $20 a month to wear jeans to work. I guess the only pro is that they donate that money to a charity.

Cons

No career advancement. And when the do offer any type of new position it's always a lateral move. There is no bonus or annual raise payout. Worked with a guy who has been there over 3 years and has never gotten a raise. He's a top performer too. This company is where careers go to die. They will tell you everything you want to hear to get you in, but then you're trapped. I never realized how much I hated this place until I wasn't there anymore. Ran by all the old Countrywide execs. All they care about is how much you can help them line their pockets, all the while pushing you for more and more production. Just a glorified sweatshop. Good riddance!!!!

Explore other reviews about PENNYMAC

5.0
Aug 31, 2025
Recommend
CEO approval
Business Outlook

Pros

good management fun environment room to excel

Cons

pay was very low for current market

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PENNYMAC Response
8mo
Thank you for taking the time to provide your feedback on your experience. We appreciate your willingness to share your thoughts and concerns. We constantly review our compensation packages to ensure they remain competitive within the industry. However, we will take your feedback into consideration and evaluate any potential adjustments that may be necessary. Your feedback is valuable to us as we strive to create a positive and rewarding work environment for all our employees. If you have any further suggestions or concerns, please do not hesitate to reach out to us. Thank you once again for your feedback.
1.0
Jun 2, 2026
Recommend
CEO approval
Business Outlook

Pros

Good team and good cafeteria

Cons

-micromanagement heaven -you want a promotion? Too bad a DEI hire from outside the company is going to take it instead -they love pulling the rug from under you with a new comp plan “to match industry standards”. -they treat their processors like they’re kids in a sweat shop so the processors have no incentive to care about your file (they give them peanuts as a quarterly bonus) -they have RCT spies to watch everything you do and snitch to your manager/ set your lunches / decide if your time is approved -they act like it’s the best place to work but it’s absolutely not

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