Skip to contentSkip to footer
      employer cover photo
      employer logo
      employer logo

      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
      1.0
      Mar 2, 2014

      Poor treatment of employees

      Anonymous employee
      Recommend
      CEO approval
      Business Outlook

      Pros

      New company, potential for growth

      Cons

      It's another Countrywide. Politics are huge - it's who you know. No employee support

      1.0
      Feb 25, 2014

      Worst career decision I've ever made

      Vice president
      Recommend
      CEO approval
      Business Outlook

      Pros

      It's fairly easy to get a job at PennyMac. If you are at the end the rope and having trouble making ends meet, then *and only then* consider a job at PennyMac. This is a destination of last resort.

      Cons

      I don't know where to begin. I'll start by saying there is absolutely no job security. People get fired or laid-off all the time on the whim of management. Stan and the other executives will fire anyone and everyone who is not in the C-suite if it will save them a dollar. The company swings from one focus to another depending on what can earn the executives the most money. One day they're focused on servicing, the next on technology, then commercial. Whole groups are turned over or transferred without warning. PennyMac has horrible benefits. They don't care about there employees so why provide benefits? Again, the only thing that matters is how much money can the executives make. Employees are costs to them. The place is basically an arena for unemployable Countrywide Home Loans / BofA alumni to reunite. Bonuses are promised and never paid. The 401K plan doesn't let you in until 1 year of service. Vacation, sick, and holiday time are the worst in class. All the employees joke about how awful it is on a daily basis. Laughing about it is the only way to get by.

      1.0
      Feb 11, 2014

      Not my favorite

      Anonymous employee
      Recommend
      CEO approval
      Business Outlook

      Pros

      there were no pros for this company

      Cons

      Everything, it was like a slave camp. Sit down shut up and work through your breaks!!

      Viewing 1543 - 1545 of 1,560 Reviews
      Related searches: PENNYMAC jobs | PENNYMAC salaries | PENNYMAC benefits | PENNYMAC interviews
      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.