PENNYMAC reviews

3.0

45% 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
1.0
Feb 18, 2015

Great people, terrible culture

Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

Work with lots of very smart people, and learn a lot. Not a long term career, but a good place to learn skills for the next job at a competing firm.

Cons

Work life balance is a joke. Only two weeks of vacation, which they give you crap for using. Management does not value employees, everyone is treated as if they have no value to the firm and you can just quit if you do not like it. Very much a sweat shop atmosphere. Employees work very long hours and rarely receive a thank you or and praise or recognition. Company policy is no merit or cost of living annual salary increases for any employee. You actually get farther behind financially if you work here!

1.0
Feb 18, 2015

Reconsider

Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

My paycheck never bounced. Nice people to work with, who were sympathetic to the plight of employment at PennyMac.

Cons

Company has no regard whatsoever for people's personal lives. Overtime is abundant and mandatory. Raises are non-existent. It is a company policy that they do not provide merit raises of any kind.

3.0
Feb 10, 2015
Recommend
CEO approval
Business Outlook

Pros

Flexible work schedule is all

Cons

The overall process of getting a loan from open to close

Viewing 1513 - 1515 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.