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      PENNYMAC

      Engaged Employer

      PENNYMAC reviews

      3.1

      48% would recommend to a friend

      (1,556 total reviews)
      avatar

      David Spector

      55% approve of CEO

      49% positive business outlook

      Ratings by category

      3.8

      Diversity & inclusion

      3.3

      Culture & values

      3.1

      Compensation and benefits

      3.0

      Work/Life balance

      3.0

      Career opportunities

      2.9

      Senior management

      PENNYMAC has an employee rating of 3.1 out of 5 stars, based on 1,556 company reviews on Glassdoor which indicates that most employees have a good 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
      Jan 11, 2017

      Loan officer

      Loan officer
      Recommend
      CEO approval
      Business Outlook

      Pros

      Very little if any. Employment is a pro while you look for another job. Air conditioning and running water. Restrooms and break rooms

      Cons

      Where do I start? The managers think they're God's gift. Sad truth is they are all yes men. Their rates are excessively high purposely to steer borrowers back into Fha products which benefit the company more than the borrowers. These guys are Countrywide 2 but nowhere near as good. Rampant violations of the law are common place and if the CFPB paid them a visit, they would be shut down. Corporate thugs that need a taste of their own medicine

      1.0
      May 20, 2016

      Senior Underwriter - Worse place I've worked since being in the mortgage industry

      Senior underwriter
      Recommend
      CEO approval
      Business Outlook

      Pros

      Fantastic co-workers, other than that there aren't any pros. Stay away at all costs.

      Cons

      Absolutely terrible management in the underwriting department in Texas. Favortism is rampant, no company culture, low balled on salary, employee input not received and suggestions not taken well. I absolutely despise this place. STAY AWAY UNLESS YOU ABSOLUTELY NEED A JOB.

      2.0
      Mar 11, 2016

      Company culture is terrible

      Anonymous employee
      Recommend
      CEO approval
      Business Outlook

      Pros

      1. The company has a great cafeteria at the corporate headquarters in Moorpark. Seriously, that's the best thing about the company. 2. The company now has several sites, so if Moorpark isn't doable, one of the other locations might work for you. 3. Prior to working at PennyMac, I worked at Bank of America in the same position. PennyMac paid about 30% more than the bank.

      Cons

      PennyMac's company culture is terrible. Employee morale is generally awful. If you're fortunate enough to have a good manager, that helps. But overall, people aren't happy to be working there. There is no such thing as work-life balance. Perhaps senior managers enjoy work-life balance, but even that is doubtful.

      Viewing 16 - 18 of 1,556 Reviews
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      ReviewsPENNYMAC reviews

      Glassdoor has 1,671 PENNYMAC reviews submitted anonymously by PENNYMAC employees. Read employee reviews and ratings on Glassdoor to decide if PENNYMAC is right for you.