PENNYMAC reviews

3.0

46% would recommend to a friend

(1,564 total reviews)
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David Spector

52% approve of CEO

46% positive business outlook

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 5, 2023

Extreme Micro-Management and no raises ever.

Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

It's reasonably close and not a terrible commute to the office. 2 days of work from home allowed in my department depending on performance.

Cons

Absolutely no raises unless you switch departments and then they try to only offer a 5% increase even if the position pays much more to an outside candidate. Extreme micro management and monitoring clicks. Smashed together in the office even though we just got over the pandemic and people are still getting Covid. No bonuses to anyone that isn't in management. Quarterly town halls where you are told how successful the company is doing but also told not to ask about cost of living or merit increases. Executive leadership making millions and employees barely scraping by. They do not care if you leave. Revolving door. Unappreciated and under paid. Senior leadership called my role "unskilled" in townhall. Run by total sociopaths.

4.0
Jun 28, 2023
Recommend
CEO approval
Business Outlook

Pros

Great environment where you are able to form bonds with co workers that go beyond just the work place. Fun employee events and lunch catered to occasionally. Most managers are very knowledgable and willing to help.

Cons

Office politics, top producers get special treatment. Corporate BS.

1.0
Jun 28, 2023
Recommend
CEO approval
Business Outlook

Pros

Good Canteen food, Hybrid work

Cons

Poor Management, Lack of vision, frequent employee terminations. Perfectly reflects the glassdoor employee reviews. No body knows when there will be a termination. Hire people just to let them go spoiling their careers.

Viewing 325 - 327 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.