PENNYMAC reviews

3.0

46% would recommend to a friend

(1,562 total reviews)
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David Spector

52% approve of CEO

46% positive business outlook

PENNYMAC has an employee rating of 3.0 out of 5 stars, based on 1,562 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
Aug 5, 2020

The Worst

Recommend
CEO approval
Business Outlook

Pros

Able to still work during Covid 19

Cons

Pay is extremely low HR is not helpful they partner with management HR will go against concerns you have to fullfill own agenda Excessive Calls Will force you to work additional job roles that should be promotional but arent Management will belittle you Management will make you feel less than worth Customer service is extremely micromanaged No room for movement if wanting increase Run far away from Customer SERvice department

5.0
Aug 4, 2020

I love PennyMac

Recommend
CEO approval
Business Outlook

Pros

Since coming to PennyMac I have been blown away at the growth and empowerment Ive experienced. Beginning with little experience I was quickly brought up to speed and exposed to many facets of the industry I had never experienced. The fast paced work environment rewards commitment and resolve, and you can quickly grow your career so long as you're willing to do the work and have the conversations. The managers I work with are experienced, knowledgeable, and incredibly hardworking which makes a world of difference in the day to day. Culture as well as Diversity/Inclusion are taken very seriously by the company, whether its gift baskets, holiday gifts, food trucks, ice cream socials, or activities such as trivia, vision boards, and toy drives - there is always something going on at PennyMac. The company has endless roles or departments or channels to work in, so you will always find a fit for you and your talents.

Cons

Raises and promotions are done during scheduled times, as well as rules regarding how much percentage of a raise you can receive during a given time period. Its very difficult (not impossible) to get anything "off cycle" or to receive sizable raises.

Viewing 1213 - 1215 of 1,562 Reviews

Glassdoor has 1,678 PENNYMAC reviews submitted anonymously by PENNYMAC employees. Read employee reviews and ratings on Glassdoor to decide if PENNYMAC is right for you.