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      PENNYMAC

      Engaged Employer

      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

      Ratings by category

      3.7

      Diversity & inclusion

      3.3

      Culture & values

      3.0

      Work/Life balance

      3.0

      Compensation and benefits

      3.0

      Career opportunities

      2.9

      Senior management

      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).

      Ratings by demographic groups

      Reviews by job title

      2K reviews
      4.0
      Nov 2, 2014

      Customer sevice representative.

      Customer service representative
      Recommend
      CEO approval
      Business Outlook

      Pros

      Competetive pay. Great hold over job until something else comes available. Very stressful never ending changes. Other positions are long term. Avoid customer service and research and you will be fine within the company.

      Cons

      Customer service has a low ceiling for growth only a select few of managers will help you. Manager selection was based soley on past relationship and not managerial skills and mind set. Floor managers in customer svc are very unprofessional and takes offense if you ask them a question. They are very condescending in customer svc. I hope this review helps someone make the right job choice if you have options. Negative atmosphere.

      4.0
      Oct 7, 2014

      Network Operations Engineer

      Anonymous employee
      Recommend
      CEO approval
      Business Outlook

      Pros

      -Got to meet department heads & other employees -Smart people -Had a tour of department

      Cons

      -Interviewer was late for the meeting.

      1.0
      Sep 22, 2014

      Worst Company to work for, don't accept the offer unless this is your only option

      Anonymous employee
      Recommend
      CEO approval
      Business Outlook

      Pros

      There are no pros on working at this place accept maybe "having a job"

      Cons

      Company is called PennyMac, but it is really old Countrywide. The relationships and practices are very similar to that culture. Employment practices are the worst, these are a bunch of greedy executives, trying to pay the least amount possible to their employees while they get full bonuses, stocks and very high salaries. They would change your title not your salary, they would cut your bonus even though your reviews had been terrific, you would not get a salary raise ever because they do not belive in salary raises. All this is done while the executives fly a corporate jet. Owner Stan has to sign every single raise however big or small it is, and he does not like signing.

      Viewing 1525 - 1527 of 1,560 Reviews
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      ReviewsPENNYMAC 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.