PENNYMAC reviews

3.0

46% would recommend to a friend

(1,562 total reviews)
avatar

David Spector

52% approve of CEO

46% positive business outlook

PENNYMAC has an employee rating of 3.0 out of 5 stars, based on 1,562 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
3.0
Jul 28, 2024
Recommend
CEO approval
Business Outlook

Pros

Company culture and events Pantry Cafeteria

Cons

No cost of living raises No yearly bonus Overlooked for promotion Expensive insurance Doing the job of 2-3 people

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PENNYMAC Response
1y
Thank you for taking the time to provide your feedback on your experience. We appreciate your willingness to share your thoughts and concerns. We understand that you feel the pay for your hard work is not commensurate with the increase in job duties. We acknowledge that this can be frustrating and demotivating. We want to assure you that we value your contributions and recognize the effort you put into your work. Regarding promotion opportunities, we understand your disappointment. We strive to provide growth opportunities for our employees and we apologize if you feel that this has not been the case. We will take your feedback into consideration as we continue to evaluate our career advancement programs. In terms of compensation, we understand your frustration and we apologize if you feel that the pay does not reflect your hard work. We constantly review our compensation packages to ensure they remain competitive within the industry. However, we will take your feedback into consideration and evaluate any potential adjustments that may be necessary. We appreciate your dedication and willingness to learn. Your feedback is valuable to us as we strive to create a positive and rewarding work environment for all our employees. If you have any further suggestions or concerns, please do not hesitate to reach out to us. Thank you once again for your feedback.
3.0
Jul 27, 2024
Recommend
CEO approval
Business Outlook

Pros

Compensation is good when you can convert on the sales.

Cons

Demoralizing when you don't convert on the sales. Not much support to help one improve.

avatar
PENNYMAC Response
1y
We are sorry to hear about your experience in our workplace. We assure you that it is never our intention to create a stressful work environment for any of our employees. However, we appreciate you sharing your feedback with us, as it allows us to improve and make necessary changes for the benefit of our team members. We want to emphasize that we value the well-being of our employees. We understand that everyone operates differently and have personalized needs, and we try our best to accommodate those needs while still accomplishing our business goals. Nevertheless, we are continually looking for ways to make our workplace more amenable, so employees can come to work feeling fulfilled and engaged. Our company aims to learn from past mistakes and find better solutions because of them. Thank you for taking the time to write this review, and we wish you the very best in your future endeavors. If you decide you want to express more, please feel free to email our team: employeerelations@pennymac.com
4.0
Jul 26, 2024

Good place for growth

Recommend
CEO approval
Business Outlook

Pros

Had the opportunity to grow with management

Cons

Too much work during long projects

Viewing 160 - 162 of 1,562 Reviews

Glassdoor has 1,677 PENNYMAC reviews submitted anonymously by PENNYMAC employees. Read employee reviews and ratings on Glassdoor to decide if PENNYMAC is right for you.