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
1.0
Oct 30, 2023
Recommend
CEO approval
Business Outlook

Pros

Ability to work from home.

Cons

Lack of communication within the company about internal changes, no annual cola raises

3.0
Oct 25, 2023

Okay

Recommend
CEO approval
Business Outlook

Pros

Pay is ok Overtime’s usually abatible depending on the time of year over summer is slow

Cons

Micromanaging If you’re not quick on your feet this job is not for you Scripting Training time is intense and all the information is thrown at you

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PENNYMAC Response
2y
Thank you for taking the time to leave a review of your experience with us. We appreciate your feedback and are glad to hear that you found our pay to be satisfactory. We understand that overtime availability can vary depending on the time of year, particularly during the slower summer months. We apologize if you felt micromanaged during your time with us. We strive to create a supportive and empowering work environment, and we will take your feedback into consideration to improve our management practices. Regarding the training time, we understand that it can be intense and overwhelming to absorb a lot of information at once. We continuously strive to improve our training program to ensure that it is comprehensive yet manageable for our employees. Thank you again for sharing your thoughts. We take all feedback seriously and will use it to make necessary improvements. If you have any further suggestions or concerns, please feel free to reach out to us directly. employeerelations@pennymac.com
5.0
Oct 25, 2023
Recommend
CEO approval
Business Outlook

Pros

Great work culture. Pay is excellent despite the market. Management is very helpful and wants everyone to succeed. This company will make changes in a down market to ensure the employees are not financially stressed. I've always felt valued and spoiled, working for Pennymac!

Cons

Work from home is not available for everyone.

Viewing 280 - 282 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.