PENNYMAC reviews

3.0

45% would recommend to a friend

(1,557 total reviews)
avatar

David Spector

51% approve of CEO

46% positive business outlook

PENNYMAC has an employee rating of 3.0 out of 5 stars, based on 1,557 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
3.0
May 15, 2025
Recommend
CEO approval
Business Outlook

Pros

Fairly secure position- as long as you follow instructions. Pay is reasonable to start. A lot of great co- workers. Benefits are decent.

Cons

Raises are not customary- no matter how good your performance reviews. Best be satisfied with pizza on Friday. Management is rarely competent- making it difficult for seasoned staff. Mgmt Hired based on connections- not industry experience. Critical thinking is not appreciated- just the ability to follow instructions. Integrity may not be a valued trait.

avatar
PENNYMAC Response
1y
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. We understand the challenges that the mortgage lending industry can present, particularly when it comes to external factors such as interest rates. Nonetheless, we appreciate your candid feedback and have forwarded your comments in the hope to improve as we strive to provide an environment that supports engagement and growth. We are always willing to learn from our employees' experiences and suggestions. Therefore, we will continue to monitor the working environment, listen carefully to feedback, and make any improvements necessary. Thank you for being a part of our team.
4.0
May 9, 2025
Recommend
CEO approval
Business Outlook

Pros

Learn a lot of valuable tech skills

Cons

Lower pay than similar positions at other companies

avatar
PENNYMAC Response
1y
Thank you for taking the time to share your thoughts about your experience working at Pennymac. We appreciate your honest feedback and... We understand feeling disappointed in your compensation package. We have been growing our total rewards package (tuition reimbursement, charitable and volunteer matching programs, wellness programs, and increased paid time off) to continue to increase the value we provide our employees in this very competitive environment. 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.
3.0
May 8, 2025

Overworked

Recommend
CEO approval
Business Outlook

Pros

Quick training with lots to learn

Cons

Tons of work, you’ll always be busy felt overworked

avatar
PENNYMAC Response
1y
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
Viewing 73 - 75 of 1,557 Reviews

Glassdoor has 1,672 PENNYMAC reviews submitted anonymously by PENNYMAC employees. Read employee reviews and ratings on Glassdoor to decide if PENNYMAC is right for you.