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

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
Feb 6, 2016

Beware!

Recommend
CEO approval
Business Outlook

Pros

I have nothing that I could put in here with the exception of the office gym and almost being able to pay the bills.

Cons

I have never worked at a place where there are no chance of raises. Step increase over a year! Who are they kidding? People are getting promoted for 2-3% and oh they promise bonuses... But for stock that matures in several years. This is the cheapest company that I have every worked for and would not work here unless you are desperate! They have the mind set that if you are desperate for a job you will deal with the 2 week vacation (you have to accrue) 5 day sick, low pay and outrageous medical costs. There is also no concept of accountability for management. They try their hardest to sweep things under the carpet and hide from regulators. Some really shady things go on! CFPB or OCC would have a field day if they spoke to the right people.

3.0
Feb 2, 2016

Great place to work

Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

I love it here. My manager is awesome and extremely flexible.

Cons

The pay is really really low. It takes a long timje to get a raise, vacation and sick time.

2.0
Jan 30, 2016
Recommend
CEO approval
Business Outlook

Pros

The company has a talented marketing team that can make the phone ring. Plenty of leads and business available to those willing to grind it out on the phones. Pay is fairly competitive as long as you are funding 15+ units monthly.

Cons

The corporate culture is exhausting. Leadership sends emails out each and every day (sometimes multiple times throughout one day) telling us to spend more time on the phones, work extra ours, etc. Comp plan changes frequently and employees are discourages from speaking their mind or presenting ideas to leadership. Constantly being compared to peers, and always being held to unreasonable performance metrics. Lots and lots of micro managing. Just ask about call monitoring and "critical fails" if you want a good laugh.

Viewing 1474 - 1476 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.