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
1.0
Mar 11, 2019
Recommend
CEO approval
Business Outlook

Pros

You will learn a lot about the the mortgage industry. Most of the other representatives and some of the managers are really amazing people.

Cons

It’s a call center job so you are non stop taking inbound calls from mostly very angry customers. Extremely micromanaged. Your entire day is monitored from the moment you sign in until you sign out, including all your bathroom breaks. If you get stuck on a long call and go late to your breaks or lunch, it counts against your metrics for the month. Everything is recorded and managers will plug into a call from the desk to listen in. As well as the control tower( who monitors how the call queue.) if your calls are longer then 6 minutes it will count against your monthly metrics. New employees get 3 sick days, so use them wisely. You will get written up if you go over them. Vacation time must be accrued before any request can be made. There is always OT offered, which you will have to sign up for because you can’t survive on the extremely low hourly rate they offer. I am not exaggerating any of these things. This job is extremely demoralizing and mentally, spiritually crushing.

5.0
Jan 30, 2019
Recommend
CEO approval
Business Outlook

Pros

PennyMac offers very competitive salaries with 401K match and excellent benefits. The facilities are all extremely nice, most with on-site cafeterias providing gourmet food options. There are amazing Facilities staff and Information Technology staff. Senior Leadership is very ethical and approachable. I am very proud to say I work here.

Cons

Dress code is still Business Casual in most locations, even though many competitors and regulating entities are casual.

Viewing 1303 - 1305 of 1,560 Reviews

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.