PENNYMAC reviews

3.1

48% would recommend to a friend

(1,556 total reviews)
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David Spector

55% approve of CEO

49% positive business outlook

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).

Reviews by job title

2K reviews
4.0
Jan 22, 2026
Recommend
CEO approval
Business Outlook

Pros

Get experience with mortgage industry

Cons

Not good for well experienced people

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PENNYMAC Response
4mo
Thank you for taking the time to share your thoughts about your experience working with our company. We appreciate all forms of feedback, whether it be positive or negative as it allows us to improve and continue providing valuable services to our employees and clients. Once again, thank you for your honest feedback, and we look forward to continuing to learn and grow with you.
3.0
Jan 21, 2026

Decent starter company

Recommend
CEO approval
Business Outlook

Pros

Valuable first time experience Friendly office culture good benefits 401k matching health insurance

Cons

Pay is lower than average They promise raises but you will likely never see one any time soon Don't expect management to listen to your concerns and act upon them

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PENNYMAC Response
4mo
Thank you for taking the time to provide your honest feedback about your experience with our company. 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
Jan 20, 2026
Recommend
CEO approval
Business Outlook

Pros

The team members are friendly and supportive.

Cons

Pay is lower than average, and promotion opportunities are limited.

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PENNYMAC Response
4mo
Thank you for taking the time to share your thoughts about your experience working with our company. We appreciate all forms of feedback, whether it be positive or negative as it allows us to improve and continue providing valuable services to our employees and clients. We are glad to hear that you found the working environment to be beneficial for you. We take great pride in ensuring that our work environment is conducive to productivity and fosters a sense of community among our team members. We understand that compensation is an important factor in any employment decision, and we appreciate your feedback regarding this matter. We strive to provide fair compensation to all of our employees, and we regularly review our compensation policies to ensure that we remain competitive in the market. Thank you for your time and feedback.
Viewing 25 - 27 of 1,556 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.