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      PENNYMAC

      Engaged Employer

      PENNYMAC reviews

      3.1

      48% would recommend to a friend

      (1,556 total reviews)
      avatar

      David Spector

      55% approve of CEO

      49% positive business outlook

      Ratings by category

      3.8

      Diversity & inclusion

      3.3

      Culture & values

      3.1

      Compensation and benefits

      3.0

      Work/Life balance

      3.0

      Career opportunities

      2.9

      Senior management

      PENNYMAC has an employee rating of 3.1 out of 5 stars, based on 1,556 company reviews on Glassdoor which indicates that most employees have a good working experience there. The PENNYMAC employee rating is in line with the average (within 1 standard deviation) for employers within the Financial Services industry (3.7 stars).

      Ratings by demographic groups

      Reviews by job title

      2K reviews
      1.0
      Nov 13, 2014

      Horrible. I was so excited to work here and it all went away the moment I started.

      Anonymous employee
      Recommend
      CEO approval
      Business Outlook

      Pros

      None at all that I can say positive. Its horrible

      Cons

      There is no training at all. So much favoritism is ridiculous.. They will hire you, ignore you when u need help and quickly fire you. This company has poor morale and very high school atmosphere. Please rethink working here.

      1.0
      Sep 22, 2014

      Worst Company to work for, don't accept the offer unless this is your only option

      Anonymous employee
      Recommend
      CEO approval
      Business Outlook

      Pros

      There are no pros on working at this place accept maybe "having a job"

      Cons

      Company is called PennyMac, but it is really old Countrywide. The relationships and practices are very similar to that culture. Employment practices are the worst, these are a bunch of greedy executives, trying to pay the least amount possible to their employees while they get full bonuses, stocks and very high salaries. They would change your title not your salary, they would cut your bonus even though your reviews had been terrific, you would not get a salary raise ever because they do not belive in salary raises. All this is done while the executives fly a corporate jet. Owner Stan has to sign every single raise however big or small it is, and he does not like signing.

      1.0
      Jun 4, 2014

      I wish I made enough money to buy a noose

      Anonymous employee
      Recommend
      CEO approval
      Business Outlook

      Pros

      Certain people are smart and fun to work with. They are intelligent, forward thinking, and hard working. These people give me hope and think that I don't need to buy a noose anymore.

      Cons

      90% of this company are uneducated clock watching, paycheck collecting lazy employees that do the minimum required to get by. Pay no attention to detail and refuses to pick up the phone.

      Viewing 28 - 30 of 1,556 Reviews
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      ReviewsPENNYMAC reviews

      Glassdoor has 1,671 PENNYMAC reviews submitted anonymously by PENNYMAC employees. Read employee reviews and ratings on Glassdoor to decide if PENNYMAC is right for you.