PENNYMAC reviews

3.1

47% would recommend to a friend

(1,564 total reviews)
avatar

David Spector

54% approve of CEO

48% positive business outlook

PENNYMAC has an employee rating of 3.1 out of 5 stars, based on 1,564 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
Nov 13, 2024
Recommend
CEO approval
Business Outlook

Pros

Pto is good. WFH is a plus

Cons

Managers suck they can’t even manage

avatar
PENNYMAC Response
1y
Thank you for taking the time to write an honest review of your experience working at Pennymac. We are glad to hear that you found the set schedule and flexibility to be a positive aspect of your job. However, we are sorry to hear that overall it is not the best fit for you. Your feedback will be taken into consideration and used as a means for improvement in the future. Thank you for sharing your thoughts and insights with us.
3.0
Oct 19, 2024
Recommend
CEO approval
Business Outlook

Pros

Learn the mortgage business and process of closing loans

Cons

Commissions are not very high and when the rates are high, very hard to close business.

avatar
PENNYMAC Response
1y
Thank you for taking the time to provide your feedback on your experience. We appreciate your willingness to share your thoughts and concerns. We also hear your concerns about the availability and support of our managers. We understand that their workload has increased, and we apologize if this has affected their ability to provide the necessary guidance and assistance. We will address this issue and work towards finding a solution that ensures our managers are able to support their teams effectively. In terms of compensation, we understand your frustration and we apologize if you feel that the pay does not reflect your hard work. We constantly review our compensation packages to ensure they remain competitive within the industry. However, we will take your feedback into consideration and evaluate any potential adjustments that may be necessary. We appreciate your dedication and willingness to learn. Your feedback is valuable to us as we strive to create a positive and rewarding work environment for all our employees. If you have any further suggestions or concerns, please do not hesitate to reach out to us. Thank you once again for your feedback.
2.0
Oct 15, 2024

Not a good employer

Recommend
CEO approval
Business Outlook

Pros

Not applicable as no pros

Cons

Poor management, absolutely ridiculous no yearly raises or bonus

avatar
PENNYMAC Response
1y
Thank you for taking the time to provide your feedback on your experience. We appreciate your willingness to share your thoughts and concerns. We understand that you feel the pay for your hard work is not commensurate with the increase in job duties. We acknowledge that this can be frustrating and demotivating. We want to assure you that we value your contributions and recognize the effort you put into your work. Regarding promotion opportunities, we understand your disappointment. We strive to provide growth opportunities for our employees and we apologize if you feel that this has not been the case. We will take your feedback into consideration as we continue to evaluate our career advancement programs. We also hear your concerns about the availability and support of our managers. We understand that their workload has increased, and we apologize if this has affected their ability to provide the necessary guidance and assistance. We will address this issue and work towards finding a solution that ensures our managers are able to support their teams effectively. In terms of compensation, we understand your frustration and we apologize if you feel that the pay does not reflect your hard work. We constantly review our compensation packages to ensure they remain competitive within the industry. However, we will take your feedback into consideration and evaluate any potential adjustments that may be necessary. We appreciate your dedication and willingness to learn. Your feedback is valuable to us as we strive to create a positive and rewarding work environment for all our employees. If you have any further suggestions or concerns, please do not hesitate to reach out to us. Thank you once again for your feedback.
Viewing 298 - 300 of 1,564 Reviews

Glassdoor has 1,680 PENNYMAC reviews submitted anonymously by PENNYMAC employees. Read employee reviews and ratings on Glassdoor to decide if PENNYMAC is right for you.