Question 1

Is PENNYMAC a good company to work for?

Accepted Answer

PENNYMAC has an overall rating of 3.0 out of 5, based on over 1,680 reviews left anonymously by employees. This rating has decreased by 5% over the last 12 months. 46% 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 Senior Loan Officer.

Question 2

Does PENNYMAC pay their employees well?

Accepted Answer

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.

Question 3

How satisfied are employees working at PENNYMAC?

Accepted Answer

46% 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 3.0 for career opportunities.

Question 4

What are the top reviewed jobs at PENNYMAC?

Accepted Answer

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 (33), Loan Processor (31), Business Analyst (27), Vice President (18), Mortgage Underwriter (17), Manager (16), Sales Manager (16), Financial Analyst (14), Supervisor (14)

Question 5

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

Accepted Answer

"Great people and move quickly as compared to the larger institutions" ((in 113 reviews)); "Pay was decent and overtime was offered when 'they' needed us and WE pulled through for 'them'." ((in 101 reviews)); "There are good benefits when it comes to medical and 401k" ((in 65 reviews)); "I have been with the company for several years now and can say that  PennyMac has a great culture." ((in 55 reviews)); "Work from home was good" ((in 36 reviews))

Question 6

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

Accepted Answer

"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 108 reviews)); "Virtually no work life balance" ((in 50 reviews)); "Some managers are good but not enough of them to make up for the bad ones." ((in 47 reviews)); "No training and lack of assistance" ((in 45 reviews)); "Long hours (8+ hours a day) with overtime if you want to make big bucks" ((in 28 reviews))

Question 7

What are employees saying about PENNYMAC layoffs in 2026?

Accepted Answer

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.

Question 8

What are the top reviewed PENNYMAC locations?

Accepted Answer

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

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The team is way too micromanaged

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