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
Dec 9, 2023
Recommend
CEO approval
Business Outlook

Pros

The culture in Phoenix is great

Cons

The company culture isn't great. Salary raises are almost nonexistent

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PENNYMAC Response
2y
Thank you for your review of Pennymac. We appreciate your feedback and are thrilled to hear that you had a positive experience in the Phoenix office. Creating a great work environment is something we strive for, and we are glad that it was reflected in your time with us. We understand your concern about the lack of raises and how it might impact you. We want to assure you that we value our employees and their hard work. While raises aren't always available, we are open to feedback and continually exploring ways to improve our employees' overall compensation package. We believe in creating fair and rewarding opportunities for our staff as they grow with us. We are committed to promoting a culture of learning and development where employees can evolve and advance their careers. Once again, we appreciate your sincere feedback and willingness to share your thoughts. Your review helps us identify areas where we can improve and ensure that we continue to provide a positive and supportive work environment for our employees. Should you have any further suggestions or concerns, please don't hesitate to reach out. We value your contribution as part of our team."
3.0
Dec 6, 2023

OK Place to Work and Gain Experience

Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

1. Generally smart and nice co-workers and managers 2. Interesting work and a leader in the industry 3. 401K match

Cons

1. Location is far from LA center 2. Work-life balance is not ideal

4.0
Nov 29, 2023

Good Job

Recommend
CEO approval
Business Outlook

Pros

They paid good for the job.

Cons

They micro managed everything you do

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PENNYMAC Response
2y
We appreciate your honest feedback regarding your experience as a loan officer at Pennymac. We apologize for the issues you experienced with management during your time with us. While we cannot speak to the specifics of your experience, we know that a healthy and supportive work environment is crucial for the success and well-being of our employees. Overall, we appreciate your feedback and are eager to learn from it to improve our company. We wish you all the best in your future endeavors and hope that you find a workplace that meets your expectations.
Viewing 265 - 267 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.