PENNYMAC reviews

3.0

46% would recommend to a friend

(1,560 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 1,560 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
4.0
May 7, 2019

Great Culture!

Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

Great culture! This is a very different environment then other mortgage companies I have worked for, everyone is very friendly and helpful here! Great on-boarding process and training experience. The company has grown at a steady pace over the past few years and if your looking for job security this is the place to be.

Cons

The benefits are not that great as well as don't count on getting a raise and if you do it is never anything substantial. 401k matching is only 4% after a year of service and you only have 2 weeks of vacation for the first 5 years of employment. Negotiate the hack out of your pay in the beginning because no matter how hard your work, your previous back ground, being the perfect employee getting a raise here just doesn't happen on a routine basis, there is not a annual merit increase. Because of the slow and steady growth, which is great sign of longevity, unfortunately there are not a lot of advancement opportunities, basically if someone is not moving up or out neither will you.

1.0
May 1, 2019
Recommend
CEO approval
Business Outlook

Pros

The only pro is the coffee machine

Cons

Horrible upper management with unrealistic expectations from new hires. If you plan on working here just know you do not matter to them and they WILL make sure to treat you accordingly. Don’t plan on getting sick or even missing an hour of work without being harshly penalized within the first 3 months and at risk of termination. Prepare to be micro managed from the time you walk in to the time the last call leaves the que. don’t be a second late returning from a break without receiving a write up for “excessive behavior “I’m telling you now the job standards, the upper management and the requirements do not match up with the rate of pay.

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Glassdoor has 1,675 PENNYMAC reviews submitted anonymously by PENNYMAC employees. Read employee reviews and ratings on Glassdoor to decide if PENNYMAC is right for you.