Beware! - Manager PENNYMAC Employee Review

1.0
Feb 6, 2016
Recommend
CEO approval
Business Outlook

Pros

I have nothing that I could put in here with the exception of the office gym and almost being able to pay the bills.

Cons

I have never worked at a place where there are no chance of raises. Step increase over a year! Who are they kidding? People are getting promoted for 2-3% and oh they promise bonuses... But for stock that matures in several years. This is the cheapest company that I have every worked for and would not work here unless you are desperate! They have the mind set that if you are desperate for a job you will deal with the 2 week vacation (you have to accrue) 5 day sick, low pay and outrageous medical costs. There is also no concept of accountability for management. They try their hardest to sweep things under the carpet and hide from regulators. Some really shady things go on! CFPB or OCC would have a field day if they spoke to the right people.

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.

avatar
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
May 31, 2026
Recommend
CEO approval
Business Outlook

Pros

Snacks and you can wear jeans.

Cons

LOW PAY even if you have 20 years of experience and educated. Location. Commute. NO Hybrid options at all unless you came during a specific time period of the company or if you are a manager. If you are an African American be aware that you will be micromanaged more than anyone else. Benefits are expensive and unaffordable.

See reviews by: Helpful|Rating|Date|All