PENNYMAC reviews

3.1

47% would recommend to a friend

(1,564 total reviews)
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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
2.0
Mar 12, 2024
Recommend
CEO approval
Business Outlook

Pros

They send you gifts, weekend bonuses

Cons

micromanaging, back to back calls, pressure to keep up, exhausting, low pay

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PENNYMAC Response
2y
We are sorry to hear about your experience in our workplace. We assure you that it is never our intention to create a stressful work environment for any of our employees. However, we appreciate you sharing your feedback with us, as it allows us to improve and make necessary changes for the benefit of our team members. We want to emphasize that we value the well-being of our employees. We understand that everyone operates differently and have personalized needs, and we try our best to accommodate those needs while still accomplishing our business goals. Nevertheless, we are continually looking for ways to make our workplace more amenable, so employees can come to work feeling fulfilled and engaged. Our company aims to learn from past mistakes and find better solutions because of them. Thank you for taking the time to write this review, and we wish you the very best in your future endeavors. If you decide you want to express more, please feel free to email our team: employeerelations@pennymac.com"
1.0
Mar 6, 2024

Stay Far Away From The Tampa Location!

Recommend
CEO approval
Business Outlook

Pros

The money is okay but not worth the cons.

Cons

This place is run horribly. I believe Corporate Pennymac would be a wonderful place but you are only as good as your weakest link which is the Tampa Office. Excessive FORCED overtime! Managers that talk down to you. Horrible work life balance. Threaten to keep job constantly. They lead by fear not by praise or by example.

1.0
Feb 28, 2024

meh

Recommend
CEO approval
Business Outlook

Pros

was great now is so bad

Cons

management is the worst and processing is the legit the worst in the industry

Viewing 307 - 309 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.