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      PENNYMAC

      Engaged Employer

      PENNYMAC reviews

      3.0

      46% would recommend to a friend

      (1,564 total reviews)
      avatar

      David Spector

      52% approve of CEO

      46% positive business outlook

      Ratings by demographic groups

      PENNYMAC has an employee rating of 3.0 out of 5 stars, based on 1,564 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
      Jul 8, 2023

      Worst Mortgage Company in the Country

      Loan officer
      Recommend
      CEO approval
      Business Outlook

      Pros

      Inbound leads from their existing servicing portfolio. Free parking.

      Cons

      Just about everything else. Poor compensation. Base pay is below minimum wage and the tier based production compensation is the worst in the industry. Management is awful…all white male bro types who would never have a similar position anywhere else because the company only promotes from within. Consumer reviews are horrible…see for yourself on Trustpilot.com. It’s only worth working here if you have no experience so you can have them pay for your licensing, then get your feet wet originating some loans and go work for a real mortgage company that will treat you with dignity. Executive team is stuck in the early 2000’s….very backwards company.

      1.0
      Jul 5, 2023

      Worst Micro managers poor outlook no future

      Senior loan processor
      Recommend
      CEO approval
      Business Outlook

      Pros

      Penny Perks once in awhile

      Cons

      Massive layoffs, retained poor earners, micromanagers, negative management Operations VP with nasty attitude. They are unstable to work for, high stress and expecting you to believe in their culture. Never apply!!

      Viewing 322 - 324 of 1,564 Reviews
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      ReviewsPENNYMAC 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.