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
2.0
Dec 4, 2019

Tough place to work

Recommend
CEO approval
Business Outlook

Pros

Growing company, probably a lot of opportunity careerwise if you can deal with the culture.

Cons

Old school, whip cracking, mortgage company culture. There are a lot of politics based off of the Countrywide model, an old school guard and "who knows who". Also a select group of people find a way to slide by with limited competence in their area based off of the politics rather than knowing what they are doing.

3.0
Dec 3, 2019

Good for building experience

Recommend
CEO approval
Business Outlook

Pros

Good people and great lunch plan.

Cons

Bonuses are paid out every quarter.

3.0
Nov 19, 2019
Recommend
CEO approval
Business Outlook

Pros

Promotions. Flexible scheduling. Room to grow.

Cons

Low wages. If you are promoted you will have to fight for a raise. The raise will be a max 6 percent if you get it. It's no worse than any mortgage company out ther.

Viewing 1252 - 1254 of 1,562 Reviews

Glassdoor has 1,677 PENNYMAC reviews submitted anonymously by PENNYMAC employees. Read employee reviews and ratings on Glassdoor to decide if PENNYMAC is right for you.