PENNYMAC reviews

3.0

44% would recommend to a friend

(1,560 total reviews)
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David Spector

51% 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
2.0
Aug 14, 2016

Loan Officer

Recommend
CEO approval
Business Outlook

Pros

Base Salary plus bonus pay

Cons

Bonus plan changes always getting less for more work.

1.0
Aug 12, 2016
Recommend
CEO approval
Business Outlook

Pros

there are none, paychecks do clear,

Cons

They treat professional employees as if they are delinquent children. Management can not forecast workload so their answer is the employee being on call at a moments notice for overtime and weekend work. Management is all Countrywide retreads who run the company like a sweat shop. There is no consideration for employees quality of life and no raises are given to the worker at this company. A person was hired to change the culture and she was fired within 1 month. They do not want to change. They do not allow work from home when all we do all day is work in front of sit in front of computer screens.

1.0
Aug 4, 2016
Recommend
CEO approval
Business Outlook

Pros

They make you pay $20 a month to wear jeans to work. I guess the only pro is that they donate that money to a charity.

Cons

No career advancement. And when the do offer any type of new position it's always a lateral move. There is no bonus or annual raise payout. Worked with a guy who has been there over 3 years and has never gotten a raise. He's a top performer too. This company is where careers go to die. They will tell you everything you want to hear to get you in, but then you're trapped. I never realized how much I hated this place until I wasn't there anymore. Ran by all the old Countrywide execs. All they care about is how much you can help them line their pockets, all the while pushing you for more and more production. Just a glorified sweatshop. Good riddance!!!!

Viewing 1453 - 1455 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.