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
Jul 31, 2023

Great place to Work

Recommend
CEO approval
Business Outlook

Pros

* The culture at PennyMac has been great, I have always felt that they care about their employees and do go out of their way to help make people feel comfortable and included. * All of the managers that I have really gotten to know really care about their employees. * If you are a stand out employee and work hard, you are noticed and rewarded * If you are a poor performer, you will have many chances for improvement to keep your job, hard to fire someone unless a true reason exists

Cons

* Pay raises have been a bit difficult in the past but that situation is improving and has gotten better over the past few years. * Communication for big picture is sometimes lacking * Too many environment deployments to fast

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PENNYMAC Response
2y
Thank you for taking the time to share your thoughts on your experience working at Pennymac. We are delighted to hear that you have found the culture at Pennymac to be great and that you feel cared for and included. Our managers are dedicated to supporting and nurturing our employees, and it is wonderful to hear that their efforts have not gone unnoticed. We also appreciate your recognition of our commitment to rewarding stand-out employees who work hard and contribute to the success of our organization. We firmly believe in recognizing and valuing the efforts of our team members, and it is gratifying to know that this is appreciated. Regarding your concerns about pay raises, we understand that this has been a challenge in the past. However, we want to assure you that we have been actively working to improve this situation, and we are pleased to hear that you have noticed positive changes in recent years. We also appreciate your feedback regarding communication for the big picture and the speed of environment deployments. We understand the importance of clear communication and efficient processes, and we are continuously striving to enhance these areas to ensure a better experience for our employees. Thank you again for your feedback. We value your input and will take your comments into consideration as we continue to improve and grow as an organization.
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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.