Pros
I began working with PennyMac as a licensed Mortgage Loan Originator in December or 2020; prior to my transition, I had minor reservations due to it essentially being one of the most unique, extraordinary, and pressurized times to make such a career transition… let alone into this high volume industry. However, my reservations were cleared soon enough- PennyMac was incredibly easy to work with during my transition, and provided all of the support and training that was needed and beyond. Transitioning to PennyMac allowed me to obtain 27 state licenses within just one short month of being on-boarded to the company, which easily exceeded my expectations! The company culture, including the kindness and diversity of individuals here, the willingness of the leadership team to jump in to assist, the every-day never ending fresh and viable leads, the excellent online reviews that I may refer my borrowers to, the A+ with the Better Business Bureau, being a publically traded company, the millions of borrowers that are already inherently trusting the company with their mortgages, Benefits, 401K’s, compensation, employees being shown that they are valued and treated as the greatest asset every day, loans NEVER being sold to competitors, costs being competitive, and Pricing Exceptions turning around SO QUICKLY, are just a FEW of the praises I could go on about regarding benefits with PennyMac!! I feel incredibly lucky and valued with this company every day, and it clearly shows to each borrower that I meet. The company is rightfully stringent on compliance and takes the laws incredibly seriously- the objective, moral, logical thing for a federally regulated type of organization. However, in addition: Loan Officers such as myself are rewarded for literally doing our job and maintaining the laws that govern our role, i.e., keeping up with compliance in our conversations borrowers, and our monthly/annual continuing education. The compensation has the ability to be extraordinary; for an extraordinary individual, the sky is the limit. Ultimately, it is both the individuals who are selected to drive the leadership team, and the employees who assist in driving the company to success, that are the highlight of the day to day. Each day is one to feel valued, feeling as though the company is fully supported towards running such as a well-oiled machine. Well done PennyMac…it is beyond easy to recognize why this company is widely regarded as one of the OVERALL BEST mortgage companies around.
Cons
Would like a procedure booklet for miscellaneous hard-stops for one particular system, but these typically get sorted out quickly anyhow.
