PENNYMAC reviews

3.0

44% would recommend to a friend

(1,560 total reviews)
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David Spector

51% approve of CEO

46% positive business outlook

PENNYMAC has an employee rating of 3.0 out of 5 stars, based on 1,560 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
1.0
Jan 7, 2016

IT

Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

They have a great cafeteria. Yes, it's that bad of a company.

Cons

No annual increases No increases when promoted No proactive thinking, everythig is urgent and rushed instead of planned. Managemet is overworked and has no time for employee mentoring.

1.0
Nov 29, 2014

PennyMac

Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

It's a stable job, the pay is okay, and if you do your job well management leaves you alone.

Cons

The company was started by former Countrywide executives and a lot of the employees are also former Countrywide employees, I never worked for Countrywide so I felt a little out of the loop. Favoritism and nepotism are rampant, some of the managers should not be managers and got their position because of who they kissed up to or are related to. Employees are not promoted base on individual ability or achievement, in fact, if you're good at your job management will make it difficult for you to transfer into a different role or into another department. Some of the managers are unethical, think nothing about throwing their employees or co-workers under the bus in order to get ahead, and pass blame on to others for their own mistake.

1.0
Feb 11, 2014

Not my favorite

Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

there were no pros for this company

Cons

Everything, it was like a slave camp. Sit down shut up and work through your breaks!!

Viewing 46 - 48 of 1,560 Reviews

Glassdoor has 1,675 PENNYMAC reviews submitted anonymously by PENNYMAC employees. Read employee reviews and ratings on Glassdoor to decide if PENNYMAC is right for you.