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      PENNYMAC

      Engaged Employer

      PENNYMAC reviews

      Can you say B of A 2.0? - Anonymous employee PENNYMAC Employee Review

      2.0
      Aug 24, 2021
      Anonymous employee
      Recommend
      CEO approval
      Business Outlook

      Pros

      Stable . M-F ok benefits

      Cons

      Since most of upper management came from B of A which does a horrible job as a mortgage company it is run the exact same way . All loan activities are tasked to about 12 different people who most know nothing about the business . Your day is spent checking what every person who touches the file does . 80% of the time it wasn’t either completed or it was done incorrectly . Lots of conference calls that are more about making people feel included rather than improvements in the company. But hey they send you gifts occasionally and woke millennials live that stuff . If you want a mindless , repetitive job to collect your pay then this is the place for you . If you actually have a brain and want to use it .. go work elsewhere. Typical large corporation.

      Explore other reviews about PENNYMAC

      5.0
      Feb 23, 2026
      Anonymous contractor
      Recommend
      CEO approval
      Business Outlook

      Pros

      good opportunity and meeting good people

      Cons

      nothing is there to say

      avatar
      PENNYMAC Response
      4mo
      Thank you for taking the time to provide your honest feedback about your experience with our company. We are delighted to hear that you enjoyed working with us in your capacity and appreciated the friendly work surroundings. Indeed, we believe that a positive work/life culture is a crucial aspect of any successful business, and we are glad that you recognized our efforts in this regard. Thank you for being a part of our team and we look forward to continuing our positive working relationship with you.
      2.0
      Jun 17, 2026
      Home loan specialist ii
      Recommend
      CEO approval
      Business Outlook

      Pros

      Training was always provided and you were never rushed to learn. Snacks were given on a daily basis. You had a Penny Pantry in the building that offered free coffee/Soda and a variety of food selections at a resonable price.

      Cons

      Low paying position at $22.00 an hour to start with no increases. The department couldnt find other Loan Specialist for the longest time and then increased the position to $27.oo an hour in an effort to attract more people. Four of the employees that were already there for a few years in the department were allowed to work remotely on Thursdays and Fridays, every new Employee had to work on site. Bonus was paid a month and a week after the quarter, so March's bonus was given to you on May 7! Human Resources lied and was extremely unprofessional, when challenged they offered no response or made up false information. My recommendation after being rehired and resigned, is to run in the opposite direction, and dont look back.

      avatar
      PENNYMAC Response
      2w
      Thank you for taking the time to share your review of your experience with us. We appreciate your candid perspective, and we're glad to hear you found value in our training programs and appreciated our daily office surroundings and pantry resources. We completely understand that compensation, benefit costs, and clear policy transparency are top priorities. We hear your frustrations regarding how starting pay adjustments, localized remote schedules, and incentive timelines can impact the day-to-day experience. We constantly review our compensation structures and internal procedures to ensure fairness, remaining competitive in the market while balancing our overall team dynamics. Regarding your feedback on our communication, we take your comments very seriously. Our company deeply values open communication, and it is never our intention to create an environment where an employee feels unheard or unsupported. We are continuously evaluating ourselves to learn from our employees' experiences and improve our management practices. Even if we cannot change the past, we are genuinely driven to influence the future. Because you have the unique perspective of having spent time with us across multiple tenures, we invite you to reach out directly to our corporate human resources team at employeerelations@pennymac.com. We want to listen carefully to your feedback and ensure your specific insights are thoroughly noted as part of our continuous improvement strategy. We value your time with the team, and we wish you the very best in your future endeavors.
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