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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 category

      3.7

      Diversity & inclusion

      3.2

      Culture & values

      3.0

      Compensation and benefits

      2.9

      Work/Life balance

      2.9

      Career opportunities

      2.8

      Senior management

      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).

      Ratings by demographic groups

      Reviews by job title

      2K reviews
      1.0
      Aug 12, 2017

      Call center

      Anonymous employee
      Recommend
      CEO approval
      Business Outlook

      Pros

      No pros at all

      Cons

      The company is a thief !!! They have lots of corporate politics going on and your performance as employee doesn't matter. I worked for 4 years and micro managed to the second and lots discrimination goes in within the company !!! Minority's are not accounted for and they know how to falsify stuff on you a corporate way which nothing can be done but one day will catch on to them !! They talk about being ethical but they should be ethnically themselves before preaching to others

      4.0
      Aug 11, 2017

      Internship was fun

      Intern
      Recommend
      CEO approval
      Business Outlook

      Pros

      Fun work environment that remains fun if you can meet deadlines and expectations

      Cons

      overflow of information. Too many permissions. Not too much career growth

      1.0
      Aug 10, 2017

      Underwriting

      Anonymous employee
      Recommend
      CEO approval
      Business Outlook

      Pros

      None. Classic bait and switch.

      Cons

      All I can say is.. don't do it! I was promised training to gain more experience/certifcation to lure me there and once I started everything changed. They are quick to brag about" PennyMac cares about your career path" but that is far from the truth. They hired several of us and had no formal training plan or on-boarding process for new underwriters. I have been there 2 1/2 months and not underwritten 1 live loan. I'm DE and have nearly 7 years recent underwriting experience and 20 years in the business. I've never seen anything like this. It is a disorganized mess and one department has no idea what the other is doing. I spoke up about concerns I have with the discrepancy between what I was told in my interview vs. the treatment I've received since starting (ie: sketchy training)The corporate risk review department seems to not want to support my getting proper training or being successful. So now my supervisor is apparently out to get me for rocking the boat. If you like drinking Kool-Aid go for it. Otherwise steer clear.

      Viewing 1405 - 1407 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.