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
1.0
Aug 27, 2025

Misleading

Recommend
CEO approval
Business Outlook

Pros

Very nice office and location

Cons

They lie about equal distribution of leads and it is very uneven. Please do not be fooled by your interview process where they tell you otherwise to get you in the door.

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PENNYMAC Response
8mo
Thank you for taking the time to share your thoughts about your experience working at Pennymac. Please know that we take all feedback seriously and are committed to providing a positive working environment for all of our employees. We value your willingness to learn and hope that you will continue to apply the skills and knowledge acquired during your time at Pennymac in your future endeavors.
2.0
Aug 16, 2025

Squid Games

Recommend
CEO approval
Business Outlook

Pros

Corporate Benefits are very good

Cons

Squid Games! They hire too many LOs, and ask for a review on 1st week (weird), then fire everyone. No cap, half our starting team is gone in 8m. Wild!

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PENNYMAC Response
8mo
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. If you decide you want to express more, please feel free to email our team: employeerelations@pennymac.com
3.0
Aug 14, 2025

Great work

Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

Great team, clean office, decent pay

Cons

Stressful turnovers, lack of support from higher ups when problems happen with loans

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PENNYMAC Response
8mo
Thank you for taking the time to share your thoughts about your experience working with our company. We appreciate all forms of feedback, whether it be positive or negative as it allows us to improve and continue providing valuable services to our employees and clients.
Viewing 52 - 54 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.