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      PENNYMAC

      Engaged Employer

      PENNYMAC reviews

      3.0

      46% would recommend to a friend

      (1,561 total reviews)
      avatar

      David Spector

      52% approve of CEO

      46% positive business outlook

      Ratings by demographic groups

      PENNYMAC has an employee rating of 3.0 out of 5 stars, based on 1,561 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
      Oct 21, 2024

      Good Place to Work

      Specialist i, core non-default
      Recommend
      CEO approval
      Business Outlook

      Pros

      Good benefits Good people Good environment

      Cons

      Office is loud Pay could be better Lack of understanding of lower positions from higher ups

      avatar
      PENNYMAC Response
      1y
      Thank you for taking the time to share your thoughts on our company. We appreciate your honest feedback along with the pros and cons you mentioned. First and foremost, we are glad to hear that you believe our company is always striving for growth, both in terms of our products and our professional growth. Regarding the cons you have mentioned, we fully accept your feedback and understand that communication is an area that needs improvement. We appreciate your suggestion that we can internally market it better, and we are committed to doing so. We will continue to listen to our employees' feedback and work towards improving our communication channels. Once again, thank you for your honest feedback, and we look forward to continuing to learn and grow with you.
      3.0
      Oct 19, 2024

      For the beginner mortgage loan officer

      Mortgage loan officer
      Recommend
      CEO approval
      Business Outlook

      Pros

      Learn the mortgage business and process of closing loans

      Cons

      Commissions are not very high and when the rates are high, very hard to close business.

      avatar
      PENNYMAC Response
      1y
      Thank you for taking the time to provide your feedback on your experience. We appreciate your willingness to share your thoughts and concerns. We also hear your concerns about the availability and support of our managers. We understand that their workload has increased, and we apologize if this has affected their ability to provide the necessary guidance and assistance. We will address this issue and work towards finding a solution that ensures our managers are able to support their teams effectively. In terms of compensation, we understand your frustration and we apologize if you feel that the pay does not reflect your hard work. We constantly review our compensation packages to ensure they remain competitive within the industry. However, we will take your feedback into consideration and evaluate any potential adjustments that may be necessary. We appreciate your dedication and willingness to learn. Your feedback is valuable to us as we strive to create a positive and rewarding work environment for all our employees. If you have any further suggestions or concerns, please do not hesitate to reach out to us. Thank you once again for your feedback.
      2.0
      Oct 15, 2024

      Not a good employer

      Reconciliation analyst
      Recommend
      CEO approval
      Business Outlook

      Pros

      Not applicable as no pros

      Cons

      Poor management, absolutely ridiculous no yearly raises or bonus

      avatar
      PENNYMAC Response
      1y
      Thank you for taking the time to provide your feedback on your experience. We appreciate your willingness to share your thoughts and concerns. We understand that you feel the pay for your hard work is not commensurate with the increase in job duties. We acknowledge that this can be frustrating and demotivating. We want to assure you that we value your contributions and recognize the effort you put into your work. Regarding promotion opportunities, we understand your disappointment. We strive to provide growth opportunities for our employees and we apologize if you feel that this has not been the case. We will take your feedback into consideration as we continue to evaluate our career advancement programs. We also hear your concerns about the availability and support of our managers. We understand that their workload has increased, and we apologize if this has affected their ability to provide the necessary guidance and assistance. We will address this issue and work towards finding a solution that ensures our managers are able to support their teams effectively. In terms of compensation, we understand your frustration and we apologize if you feel that the pay does not reflect your hard work. We constantly review our compensation packages to ensure they remain competitive within the industry. However, we will take your feedback into consideration and evaluate any potential adjustments that may be necessary. We appreciate your dedication and willingness to learn. Your feedback is valuable to us as we strive to create a positive and rewarding work environment for all our employees. If you have any further suggestions or concerns, please do not hesitate to reach out to us. Thank you once again for your feedback.
      Viewing 127 - 129 of 1,561 Reviews
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      ReviewsPENNYMAC reviews

      Glassdoor has 1,676 PENNYMAC reviews submitted anonymously by PENNYMAC employees. Read employee reviews and ratings on Glassdoor to decide if PENNYMAC is right for you.