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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
      1.0
      Aug 16, 2017

      Don't make the same assumptions...

      Anonymous employee
      Recommend
      CEO approval
      Business Outlook

      Pros

      Great cafeteria, friendly co-workers.

      Cons

      Where to start, you will not be compensated according to your experience, merit or knowledge. Growth possibilities are non-existent. In the rare occasion that you are granted a raise, it will take 6 months to approve and will be a gradual increase over a 6 month period. Health insurance is ridiculously expensive. I could go on, but ensure you address these concerns during your interview.

      4.0
      Aug 14, 2017

      Return on investment

      Management
      Recommend
      CEO approval
      Business Outlook

      Pros

      Leaders of the industry work here. You are exposed to many opportunities to learn all facets of the mortgage world allowing you to add to your foundational skills. Recognition is given but only when warranted. If you put in the effort you get fair compensation and opportunity. Interaction with senior management is plentiful and motivates you to want to succeed.

      Cons

      People feeling disenfranchised and bitter regarding the company seems rampant. This in my opinion is a direct result of individual contribution. No-you will not get a scheduled raise and bonuses are not guaranteed. You will however be given these if you prove yourself an asset. Mid level performance can keep you at the company but excelling in your role, innovation, adaptability, attitude, performance drive your rewards. People need to have some introspective analysis before blaming their career arc on the company. Incentives are not a given and should not be expected when your measurable merit is simply that "I worked here for a year and haven't once gotten _______"

      4.0
      Aug 14, 2017

      Enjoyed my time and wished I stayed longer

      Anonymous employee
      Recommend
      CEO approval
      Business Outlook

      Pros

      Great people, benefits, and solid leadership committed to doing the right thing and growing the Company responsibly.

      Cons

      More HR partnering in the respective LOB's. Accessibility to senior leadership...not really a Con just made my role more challenging.

      Viewing 1402 - 1404 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.