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
3.0
Apr 22, 2023
Recommend
CEO approval
Business Outlook

Pros

Your assigned team would make or break your overall employment experience. My manager and teammates were exceptional to work with.

Cons

Quantity production driven. When hired emphasis was on quality. Although quality was also a factor that contributed to your bonus, it was mostly numbers driven.

2.0
Apr 20, 2023
Recommend
CEO approval
Business Outlook

Pros

Good benefits and consistent work

Cons

no quality of life increases, barely any pay increases or promotions. annual review is positive and promotes employee as working well but according to management "promotions aren't available in the company right now"

1.0
Apr 19, 2023

New bad ideas

Recommend
CEO approval
Business Outlook

Pros

Company comes up with new visions, ideas, concepts and ways to track, meetings, production and spreadsheets.

Cons

Way over staffed and upper management month to month production focus could be classified as bipolar. Executive level is blinded by spreadsheets and far from any business pulse. Any new idea or product is fairly behind the market. Good luck appearing competitive with pricing, consistently need pricing exceptions just to catch up with competitors initial offering price. LO’s receive 10-20 inbound calls a day unfortunately 70% of the calls are misdirected phone calls meant for customer service.

Viewing 364 - 366 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.