PENNYMAC reviews

3.1

48% would recommend to a friend

(1,556 total reviews)
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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
5.0
Sep 17, 2025
Recommend
CEO approval
Business Outlook

Pros

great work culture and great people to work with

Cons

none that I can think of

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PENNYMAC Response
7mo
Thank you for taking the time to provide your honest feedback about your experience with our company. We are delighted to hear that you enjoyed working with us in your capacity and appreciated the friendly work surroundings. Indeed, we believe that a positive work/life culture is a crucial aspect of any successful business, and we are glad that you recognized our efforts in this regard. Thank you for being a part of our team, and we look forward to continuing our positive working relationship with you.
4.0
Sep 15, 2025
Recommend
CEO approval
Business Outlook

Pros

Good company culture and work life balance

Cons

Promotion and raise structure lacking

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PENNYMAC Response
7mo
We're delighted to hear that you enjoyed working with our team at Pennymac. We strive to create an environment that fosters growth, collaboration, and transparency. It's heartening to know that you enjoyed your work. We understand the concerns you expressed regarding promotional opportunities. At Pennymac, we value all our employees and aim to provide them with growth opportunities. While we acknowledge the limitations that some roles may have, we're constantly striving to improve and enhance our employee development programs. Thank you for your willingness to learn and grow with us. We appreciate your contribution to our team and wish you all the best in your future endeavors.
1.0
Sep 11, 2025
Recommend
CEO approval
Business Outlook

Pros

The pay was good but your always in fear of RIFs which happen almost quarterly

Cons

Executives and Managers have zero clue about the mortgage industry and make decisions proving that. If you’re an experienced LO or mortgage industry candidate this place will blow your mind due to its size and cluelessness‼️

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PENNYMAC Response
7mo
We are sorry to hear about your experience in our workplace. We assure you that it is never our intention to create a stressful work environment for any of our employees. However, we appreciate you sharing your feedback with us, as it allows us to improve and make necessary changes for the benefit of our team members. We want to emphasize that we value the well-being of our employees. We understand that everyone operates differently and have personalized needs, and we try our best to accommodate those needs while still accomplishing our business goals. Nevertheless, we are continually looking for ways to make our workplace more amenable, so employees can come to work feeling fulfilled and engaged. Our company aims to learn from past mistakes and find better solutions because of them. Thank you for taking the time to write this review, and we wish you the very best in your future endeavors. If you decide you want to express more, please feel free to email our team: employeerelations@pennymac.com
Viewing 43 - 45 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.