I Was Warned… - Customer Service Trainer PENNYMAC Employee Review

3.0
May 15, 2023
Recommend
CEO approval
Business Outlook

Pros

- I had THEE absolute BEST manager on the PLANET (RW) and I honestly couldn’t have handpicked a better group of coworkers. - Decent benefits - Decent pay - Received a promotion while working from home

Cons

*sigh* - As trainers, we were on a rolling 6 week class schedule with literally ZERO time off. When I first began, I went five months without so much as a half day to go to a doctor’s appointment. Every trainer was on this schedule, so there was no opportunity for backup or standby in case the primary trainer had any kind of emergency. I worked sick, with a broke down car in my garage that I couldn’t take to the shop…yeah. - No continuity with the line of business. Our procedures and manuals were embarrassingly outdated and I always felt horrible knowing that the information we were giving participants would be COMPLETELY different once they actually started doing the work. - We were forced to turn in report cards weekly to track individual improvement…not the easiest feat when there are 20 people in your class - and again, you don’t have any type of help. - I went on leave and had to email HR and ask them when I was returning. They took three days to answer me. I returned on the day they gave me, reached out to them and again…three days of nothing. Once they finally acknowledged me, I received a check with two instead of five days of pay because THEY chose to disregard the fact that I was there. - Everything had changed when I returned. We’d returned to the office and gone to a “modular” training style, where we could share one another’s load and not train every single day. Seemed cool, but I wondered why we had to come into the office if we 1) were still training virtually, and 2) not working on a particular day. No joke…out of a 6 week class, I was only scheduled to train 4 days - but was still expected to come in the office every day (in terrible traffic)? Made NO sense. I would go to work, literally sit and do nothing, and go home. I’d ask for extra work/projects to no avail. - What kind of company pushes their employees to go back into the office when gas prices were literally the highest in HISTORY?! A California based company at that, where gas prices are the highest! Completely insensitive and callous call. Also, I was told that going back into the office helped with revenue for the county/city…but I live in the same county/city as the building, so they could have kept that lie for somebody else. - Of the three departments in our division, one was totally remote and the other was Hybrid. It was hard not to take having to come in daily (again, most days for nothing) personally. We kept hearing “PennyMac is a WFO company”, but kept pulling up to a half empty building every day. Whatever the COMPANY is doing, that’s what the COMPANY as a WHOLE needs to do. - Three hours of vacation a paycheck is an absolute joke. You have to work a year just to get a week’s vacation. It’s insane!!!! And I’ve heard “HR is working on it” since I got there in 2019.

Explore other reviews about PENNYMAC

5.0
Apr 28, 2026
Recommend
CEO approval
Business Outlook

Pros

Room to grow and take responsibilities

Cons

Direction from management and work culture.

avatar
PENNYMAC Response
2mo
Thank you for taking the time to provide your honest feedback about your experience with our company. We are delighted to hear that you enjoyed working with us in your capacity and appreciated the friendly work surroundings. Indeed, we believe that a positive work/life culture is a crucial aspect of any successful business, and we are glad that you recognized our efforts in this regard. We are always willing to learn from our employees' experiences and suggestions. Therefore, we will continue to monitor the working environment, listen carefully to feedback, and make any improvements necessary. Thank you for being a part of our team, and we look forward to continuing our positive working relationship with you.
2.0
Jun 17, 2026
Recommend
CEO approval
Business Outlook

Pros

Training was always provided and you were never rushed to learn. Snacks were given on a daily basis. You had a Penny Pantry in the building that offered free coffee/Soda and a variety of food selections at a resonable price.

Cons

Low paying position at $22.00 an hour to start with no increases. The department couldnt find other Loan Specialist for the longest time and then increased the position to $27.oo an hour in an effort to attract more people. Four of the employees that were already there for a few years in the department were allowed to work remotely on Thursdays and Fridays, every new Employee had to work on site. Bonus was paid a month and a week after the quarter, so March's bonus was given to you on May 7! Human Resources lied and was extremely unprofessional, when challenged they offered no response or made up false information. My recommendation after being rehired and resigned, is to run in the opposite direction, and dont look back.

avatar
PENNYMAC Response
3w
Thank you for taking the time to share your review of your experience with us. We appreciate your candid perspective, and we're glad to hear you found value in our training programs and appreciated our daily office surroundings and pantry resources. We completely understand that compensation, benefit costs, and clear policy transparency are top priorities. We hear your frustrations regarding how starting pay adjustments, localized remote schedules, and incentive timelines can impact the day-to-day experience. We constantly review our compensation structures and internal procedures to ensure fairness, remaining competitive in the market while balancing our overall team dynamics. Regarding your feedback on our communication, we take your comments very seriously. Our company deeply values open communication, and it is never our intention to create an environment where an employee feels unheard or unsupported. We are continuously evaluating ourselves to learn from our employees' experiences and improve our management practices. Even if we cannot change the past, we are genuinely driven to influence the future. Because you have the unique perspective of having spent time with us across multiple tenures, we invite you to reach out directly to our corporate human resources team at employeerelations@pennymac.com. We want to listen carefully to your feedback and ensure your specific insights are thoroughly noted as part of our continuous improvement strategy. We value your time with the team, and we wish you the very best in your future endeavors.
See reviews by: Helpful|Rating|Date|All