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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 30, 2021

      Don’t fall for the fake reviews - careful working for Penny

      Mortgage loan officer
      Recommend
      CEO approval
      Business Outlook

      Pros

      Lunch was provided at times. Some of the tiger LO’s were really cool and helpful.

      Cons

      -Management seemed very new in the industry. -They talk to you like you’re children even though I e been in the industry well over 5 years originating loans. -A lot of Loan Officers submit dirty loans, maybe because they are pressured to hit numbers. A lot of loan officers did not know guidelines or even calculate income. How do you originate a loan based off of rental income if you haven’t even collected any schedule E’s or even a rental agreement? It’s pretty scary the LO’s just go with it and the collect the app fee. Feel bad for the borrowers. -Very SLOW tech. -Very LOW comp plan. Tired of these fake reviews stating their comp plan is one of the top in the industry.

      1.0
      May 11, 2020

      Horrible experience

      Customer service representative
      Recommend
      CEO approval
      Business Outlook

      Pros

      At least you get an hour lunch.

      Cons

      We were doing great working from home. Now everyone has to come back in the office. Why?? You have to wear a mask over your face while talking to customers if you’re working in the office. Do you know how muffled that sounds and how uncomfortable that is?? Let people stay working from home! You can’t social distance in the bathrooms and break rooms, they’re too small. Someone is going to spread covid19. Let us stay working from home!!

      5.0
      Jan 30, 2019

      Great Place to Work

      Fvp, regulatory relations
      Recommend
      CEO approval
      Business Outlook

      Pros

      PennyMac offers very competitive salaries with 401K match and excellent benefits. The facilities are all extremely nice, most with on-site cafeterias providing gourmet food options. There are amazing Facilities staff and Information Technology staff. Senior Leadership is very ethical and approachable. I am very proud to say I work here.

      Cons

      Dress code is still Business Casual in most locations, even though many competitors and regulating entities are casual.

      Viewing 37 - 39 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.