PENNYMAC reviews

3.0

45% 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
Jun 18, 2015
Recommend
CEO approval
Business Outlook

Pros

Casual days, OT will compensate for the pay since much needed to work your loans

Cons

This company will not tolerate complainers, employees that gets sick (noone will work your loans until you come back), employees that are struggling w monthly goal (they do not train newcomers, couple days of general NOT actual job function training, good luck if you get to sit side by side w someone in your team who even has the time (they are all stressed out and gets moody when you even ask questions), company does NOT give raises as this was mentioned by older employees still there and ones that had left, be careful as this company has families and relatives all over locations and watch who you communicate with and what you say, no life as you work weekends to catch up w piled up loans. I've seen a lot of employees getting fired left and right and employees walking out Not returning back to work. It's a shame that they do not recognize good knowledgeable employees as they look at quantity not quality. Currently awaiting responses from outside interviews to get away from this sweatshop, would be gone right away if i was not suffering financially. Company environment is very loud and people on phones cannot hear customers w alot of distraction from other employees talking on the side. Micro managed pipelines so make sure not to forget to put notes on files at least every other day.

4.0
Jun 7, 2015
Recommend
CEO approval
Business Outlook

Pros

A good company to work for. Decent pay. Alot of room for advancement. Opportunity to work alot of overtime.

Cons

Some poor management. Didn't mind calling people out in meetings in from of peers. You cannot be off the phone for a second and you have big brother calling you out on walkie talkies.

1.0
May 8, 2015

IT

Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

Opportunities to move around the company

Cons

Below market pay. Zero leadership in IT department

Viewing 1507 - 1509 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.