Micro managed and overworked - QA Specialist II PENNYMAC Employee Review

3.0
Dec 21, 2016
Recommend
CEO approval
Business Outlook

Pros

It is a decent company and is growing. I liked my job and the work I did but I was expected to be a robot. Nice facility with a gym and a small cafe but requires payroll deduction to purchase food. It does have a small pantry too but it is expensive. Exceptional supply closet.

Cons

Micro managed and quantity driven. Would get daily emails throughout the day about production and how enough work is not being done. No chance of a pay raise like ever, but MAY get a bonus. Constantly being loaded down with more work and additional responsibilities but no increase in pay and no overtime. They say they want to help you grow in your career and professional development. There were promotions but only for the folks in California, which is where all the power remains. Every time management made a trip out which was about 2 weeks to a month you were called into a one on one review of your performance, production and quality scores. Very hard to get praise. Benefits are super expensive and 401k only after a year of being on the job. 2 weeks vacation that has to be accrued.

Explore other reviews about PENNYMAC

5.0
Nov 18, 2025
Recommend
CEO approval
Business Outlook

Pros

Amazing people and great culture

Cons

My drive to work is long but its is a great place to work so it is worth the drive.

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PENNYMAC Response
6mo
Thank you for taking the time to share your thoughts on our company. We appreciate your honest feedback along with the pros and cons you mentioned. Our company values open communication, and we take your advice seriously. We will continue to listen to our employees' feedback and work towards improving our communication channels. Once again, thank you for your honest feedback, and we look forward to continuing to learn and grow with you.
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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