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

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
1.0
Apr 24, 2017
Recommend
CEO approval
Business Outlook

Pros

At the time I started I was truly optimistic about this place. I was working in the retail processing department, bonus money was good, business was booming. Until this year and with the current administration in office a lot of our FHA business was cut causing management to scramble for work. Causing the morale to go waaay down. Management used profanity on the floor cussing out associates publicly on the floor, so if you want to deal with being overworked and underpaid. On top of stress and ZERO work/life balance then this is the place for you.

Cons

All of the above and to add insult to injury you get paid semi monthly, no PTO you have to Accrue the time so if you have kids or health issues then this is not the company for you. They steal your bonus money, on top of take unexplained money out of your check, or if your lucky you may not get your check at all- HR is a waste full of lazy people who never get back to you unless you harass the HR department.

1.0
Apr 9, 2015

I Had to Quit Because I Was So Depressed Working at PennyMac

Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

Great co-workers, wonderful and affordable food and snacks in cafeteria, good pay.

Cons

No room for growth, incompetent management/executives, no communication from decision makers, no training, inappropriate comments from upper management.

1.0
Dec 24, 2014

Worst Job Ever

Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

Some nice co-workers trying to brighten up the day.

Cons

No training, constant over-time, no work life balance. Nepotism is rampant. It's like working in a Third World sweatshop.

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.