PENNYMAC reviews

3.0

46% would recommend to a friend

(1,564 total reviews)
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David Spector

52% approve of CEO

46% positive business outlook

PENNYMAC has an employee rating of 3.0 out of 5 stars, based on 1,564 company reviews on Glassdoor which indicates that most employees have an average 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).

Reviews by job title

2K reviews
5.0
Aug 8, 2023

Pennymac

Recommend
CEO approval
Business Outlook

Pros

They have great company culture.

Cons

The expectations are high and they demand a lot.

1.0
Aug 4, 2023

Poor Management

Recommend
CEO approval
Business Outlook

Pros

Money was decent, but not for the amount of work you did every day

Cons

No work-life balance. Management played favorites and talked poorly about other coworkers. No support from management when it came to approaching tough situations. Management didn't care about lower level employees. Bonus structure was garbage. Worked 60+ hours a week with no overtime pay.

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PENNYMAC Response
2y
Thank you for taking the time to share your feedback about your experience with our company. We genuinely appreciate your honesty and are sorry to hear that you had a negative experience with our management. We understand the importance of work-life balance and the impact it has on our employees' overall well-being. We apologize if you felt that this was not prioritized during your time with us. We will take your feedback into consideration and work towards creating a better balance for our employees. Regarding your concerns about favoritism and negative talk about coworkers, we take these issues very seriously. We strive to foster a positive and inclusive work environment where everyone feels valued and respected. We will address this matter with our management team to ensure that such behavior is not tolerated. We apologize if you felt unsupported by our management when it came to approaching tough situations. We understand the importance of providing guidance and assistance to our employees, especially during challenging times. We will review our support systems and ensure that our management team is equipped to handle difficult situations effectively. Your comment about the bonus structure and lack of overtime pay is duly noted. We continuously review our compensation and benefits packages to ensure they are competitive and fair. We appreciate your feedback and will take it into consideration during our future evaluations. Lastly, we appreciate your recognition of the importance of our operations team. We understand that every department plays a vital role in our company's success, and we value the contributions of each team member. We will continue to work towards creating an environment where all employees feel equally valued and appreciated. Thank you again for sharing your thoughts with us. We genuinely value your feedback and will use it to improve our management practices and overall employee experience. If you wish further discussion, please email us at employeerelations@pnmac.com
Viewing 310 - 312 of 1,564 Reviews

Glassdoor has 1,680 PENNYMAC reviews submitted anonymously by PENNYMAC employees. Read employee reviews and ratings on Glassdoor to decide if PENNYMAC is right for you.