PENNYMAC reviews

3.0

46% would recommend to a friend

(1,563 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 1,563 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
Feb 12, 2024
Recommend
CEO approval
Business Outlook

Pros

Learn new technology in market. Get greater insights on Loan origination

Cons

Company stopped wfh Pay is not increasing Lot & lots of layoffs

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PENNYMAC Response
2y
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 transitioning away from remote work can be challenging and may have implications for our employees. Our decision to modify our remote work policy was not taken lightly and was made after careful consideration of various factors, including the evolving needs of our business, team collaboration requirements, and our commitment to maintaining a vibrant company culture. 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. Thank you once again for your feedback.
3.0
Feb 12, 2024

Salary

Recommend
CEO approval
Business Outlook

Pros

Good atmosphere and good people

Cons

Manager gave to much work

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PENNYMAC Response
2y
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
3.0
Feb 9, 2024

Good company

Recommend
CEO approval
Business Outlook

Pros

Money varies based on the market

Cons

No work at home only full time at office

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PENNYMAC Response
2y
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 transitioning away from remote work can be challenging and may have implications for our employees. Our decision to modify our remote work policy was not taken lightly and was made after careful consideration of various factors, including the evolving needs of our business, team collaboration requirements, and our commitment to maintaining a vibrant company culture. Thank you again for your valuable feedback.
Viewing 232 - 234 of 1,563 Reviews

Glassdoor has 1,679 PENNYMAC reviews submitted anonymously by PENNYMAC employees. Read employee reviews and ratings on Glassdoor to decide if PENNYMAC is right for you.