Is PENNYMAC a good company to work for?

PENNYMAC has an overall rating of 3.0 out of 5, based on over 1,675 reviews left anonymously by employees. This rating has decreased by 4% over the last 12 months. 44% of employees would recommend working at PENNYMAC to a friend and 46% have a positive outlook for the business. The best reviews about PENNYMAC have been left by employees working as Supervisor , Sales Manager and Loan Counselor .

Does PENNYMAC pay their employees well?

According to anonymously submitted Glassdoor reviews, PENNYMAC employees rate their compensation and benefits as 3.0 out of 5. Find out more about salaries and benefits at PENNYMAC. This rating has decreased by 2% over the last 12 months.

How satisfied are employees working at PENNYMAC?

44% of PENNYMAC employees would recommend working there to a friend based on Glassdoor reviews . Employees also rated PENNYMAC 2.9 out of 5 for work life balance, 3.2 for culture and values and 2.9 for career opportunities.

What are the top reviewed jobs at PENNYMAC?

Loan Officer (122) , Mortgage Loan Officer (103) , Home Loan Specialist (64) , Customer Service Representative (58) , Home Loan Specialist I (40) , Home Loan Specialist II (37) , Analyst (32) , Loan Processor (31) , Business Analyst (27) , Vice President (18) , Mortgage Underwriter (17) , Manager (16) , Sales Manager (16) , Financial Analyst (14) , Supervisor (14)

What are the pros of working at PENNYMAC according to real employee reviews?

"Great people and move quickly as compared to the larger institutions" ((in 118 reviews)); "Pay is good and plentiful if you can live through the first year" ((in 111 reviews)); "Company offers good benefits and Penny pantry is great." ((in 59 reviews)); "I have been with the company for several years now and can say that PennyMac has a great culture." ((in 55 reviews)); "Currently have the option to work from home" ((in 37 reviews))

What are the cons of working at PENNYMAC according to real employee reviews?

"This is because of the poor management spearheaded by the site lead who proceeded to mismanage the site from the moment I was there." ((in 107 reviews)); "Some managers are good but not enough of them to make up for the bad ones." ((in 50 reviews)); "Virtually no work life balance" ((in 49 reviews)); "No training and lack of assistance" ((in 45 reviews)); "No bonuses to anyone that isn't in management." ((in 26 reviews))

What are employees saying about PENNYMAC layoffs in 2026?

Explore Glassdoor’s employee reviews to understand what current and former employees are saying about PENNYMAC layoffs and their outlook for job security at PENNYMAC in 2026.

What are the top reviewed PENNYMAC locations?

Moorpark , Plano , Tampa , Fort Worth , Westlake Village , Pasadena , Phoenix , Los Angeles , Agoura Hills , Roseville , Westlake Village , Saint Louis , Las Vegas , Dallas , Thousand Oaks , Cary , Franklin , Raleigh , Sacramento , Nashville , Westlake , Irving , Dallas-Fort Worth , Summerlin , Carrollton , Honolulu , Agoura , Tucson , Houston , Canoga Park

PENNYMAC reviews

3.0

44% would recommend to a friend

(1,560 total reviews)

David Spector

51% approve of CEO

46% positive business outlook

Company ratings over time

Ratings trend for the last 6 months (1,560 reviews)

Ratings by demographic groups

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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

2.0

Sep 28, 2017

Antiquated Ideals

Analyst ii

Recommend

CEO approval

Business Outlook

Pros

Cafeteria is subsidized. That's nice.

Cons

This is Countrywide 2.0. The Sr management is all old CHL execs and they brought over that culture and style. There is almost no room for advancement. The company was built by recruiting old CHL and BofA employees. This means that as those companies cut the fat, PNMAC gobbled up that fat. Their longest tenured people are the worst of the worst that BofA had to offer. The employees worth keeping through all the tough times at BofA who were only cut as business moved out of CA are the last ones to get to PNMAC and get stuck in bottom rung positions. The company is more intent on getting people to buy into the culture and making it feel like CHL again to create some nostalgia than actually succeeding and reinventing. It will fail.

1.0

Aug 16, 2017

Don't make the same assumptions...

Anonymous employee

Recommend

CEO approval

Business Outlook

Pros

Great cafeteria, friendly co-workers.

Cons

Where to start, you will not be compensated according to your experience, merit or knowledge. Growth possibilities are non-existent. In the rare occasion that you are granted a raise, it will take 6 months to approve and will be a gradual increase over a 6 month period. Health insurance is ridiculously expensive. I could go on, but ensure you address these concerns during your interview.

1.0

Feb 18, 2016

Everything Corporate America, but worse

Anonymous employee

Recommend

CEO approval

Business Outlook

Pros

Employees (outside of some self-interested senior management) are good people and try to make the best of it.

Cons

If you are just comparing competitors in the local area, it is worse culture, worse benefits yet this company does not give much in raises, splits the bonuses (which are paltry), does not give raises with promotions, stock bonuses might as well be worthless...see its stock down over 25% from a year ago - enjoy inevitably getting laid off if you think the pros outweighs the cons...the company saving money now is not going to come back to you in the form of job security when business slows down. Be proactive and look elsewhere now! Sycophant manager is unworthy of having people under him. Not interested in his subordinates progressing in their careers if it threatens his comfort.

Viewing 58 - 60 of 1,560 Reviews

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PENNYMAC

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Antiquated Ideals

Don't make the same assumptions...

Everything Corporate America, but worse

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