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

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).

Reviews by job title

2K reviews
1.0
Dec 11, 2018

Terrible

Recommend
CEO approval
Business Outlook

Pros

nice office location, decent size cubicles, company coffee

Cons

bad management, extremely micro managed, unrealistic goals, false promises, if your late 4 minutes, you get written up, but if you come in early or stay extra, no one acknowledges your efforts.

2.0
Dec 7, 2017

Difficult/Toxic Environment in several Departments

Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

-Depending where you land, there is interesting problems of scale to address -There are people who care about doing a good job and treating customers fairly

Cons

-Depending where you land, there is interesting problems of scale to address caused by mismanagement -There are people who care about doing a good job and treating customers fairly who are drowned out by the dozens who don't care -Nepotism & in-fighting is rampant -Affectionately called Countrywide 2.0 by people experienced in the mortgage industry -Poor company culture in most departments -HR is not your friend -Pay is below local competitors and churn is often high

2.0
Aug 20, 2016
Recommend
CEO approval
Business Outlook

Pros

Management is approachable, Growing company

Cons

Minimum benefits, Limited Career Advancement, Micro Management all the way through upper management, No Flexibility on the hours or remote work opportunity

Viewing 40 - 42 of 1,556 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.