PENNYMAC reviews

3.0

46% would recommend to a friend

(1,561 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 1,561 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
1.0
Sep 11, 2024
Recommend
CEO approval
Business Outlook

Pros

Not a lot I can remember, maybe the fake friendly coworkers who always complain and badmouth others behind their back?

Cons

Very cheap company and old schooled upper management. They forced 5 days back to office and CFO sent out a serious email about it. It turned out to be a big joke because on the same floor some team just don’t need to follow the rule and keep doing hybrid work model. Management’s incapable to explain and justify large amount of exceptions caused confusion and unfairness feeling with in the teams that have to go back 5 days.

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PENNYMAC Response
1y
Thank you for taking the time to share your thoughts and provide feedback. We appreciate you bringing this to our attention as it helps us evaluate and improve our work environment for all employees. We are committed to providing a positive and inclusive work environment and take your comments seriously. We encourage open communication and are always looking for ways to improve our daily procedures while ensuring compliance and fairness. We appreciate the opportunity to learn and grow from your feedback so we can enhance the overall work experience for everyone.
1.0
Sep 6, 2024
Recommend
CEO approval
Business Outlook

Pros

There was a 4 day work week

Cons

Management was the WORST micromanagement in the world. It was so bad there should be a law against it. No work life balance Hard to move up Atmosphere was the worst; senior management using street profanities

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PENNYMAC Response
1y
Thank you for sharing your review. We understand your experience was not a positive one. We are actively focused on building a work environment that supports employee growth and well-being in all aspects. We believe in the continuous improvement of our benefits, employee experiences, and leadership. Your feedback is important as we evaluate and strive to enhance our overall impact.
4.0
Sep 5, 2024
Recommend
CEO approval
Business Outlook

Pros

Company treats you very well.

Cons

You work a lot but you the ROI is good.

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PENNYMAC Response
1y
Thank you for taking the time to provide your honest feedback about your experience with our company. We are delighted to hear that you enjoyed working with us in your capacity and appreciated the friendly work surroundings. Indeed, we believe that a positive work/life culture is a crucial aspect of any successful business, and we are glad that you recognized our efforts in this regard. We understand the challenges that the mortgage lending industry can present, particularly when it comes to external factors such as interest rates. Nonetheless, we appreciate your candid feedback and have forwarded your comments in the hope to improve as we strive to provide an environment that supports engagement and growth. We are always willing to learn from our employees' experiences and suggestions. Therefore, we will continue to monitor the working environment, listen carefully to feedback, and make any improvements necessary. Thank you for being a part of our team, and we look forward to continuing our positive working relationship with you.
Viewing 139 - 141 of 1,561 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.