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      PENNYMAC

      Engaged Employer

      PENNYMAC reviews

      3.0

      44% would recommend to a friend

      (1,560 total reviews)
      avatar

      David Spector

      51% 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 1,560 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
      2.0
      Apr 19, 2018

      PennyMac.... is it worth it?

      Anonymous employee
      Recommend
      CEO approval
      Business Outlook

      Pros

      Love the people I work with. The culture in Los Angeles offices is great, I hear.

      Cons

      *** If you expect a bonus make sure the language is included in your offer letter. DO NOT EXPECT to receive a bonus based upon merit, hard work, & stellar performance review (it won't happen!) *** Benefits are sub-par compared to other real estate finance companies. Medical offered, but VERY expensive if you add spouse and/or children. Vacation: (everyone receives the same, there is NO negotiating) • FVP and below receive 10 vacation days per year, accrued at 3.33 hours • SVP and above receive 15 days per year, accrued at 5 hours Sick Time: (everyone receives the same, there is NO negotiating) 6 days per year, accrued at 2 hours per pay period of service. Recognized Holidays: • New Year’s Day (Jan 1) • Martin Luther King Jr. Day (3rd Monday in January) • Presidents’ Day (3rd Monday in February) • Memorial Day (last Monday in May) • Independence Day (July 4) • Labor Day (1st Monday in September) • Thanksgiving (4th Thursday in November) • Christmas (December 25) • One Alternative Holiday

      5.0
      Apr 11, 2018

      SVP

      Anonymous employee
      Recommend
      CEO approval
      Business Outlook

      Pros

      Fantastic place to work! If you want to work hard and do the right thing; you can certainly expect to grow into your own career at PennyMac!

      Cons

      None to speak of at this time.

      Viewing 1345 - 1347 of 1,560 Reviews
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      ReviewsPENNYMAC 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.