PENNYMAC reviews

3.0

44% would recommend to a friend

(1,560 total reviews)
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David Spector

51% approve of CEO

46% positive business outlook

PENNYMAC has an employee rating of 3.0 out of 5 stars, based on 1,560 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
Sep 11, 2025
Recommend
CEO approval
Business Outlook

Pros

The pay was good but your always in fear of RIFs which happen almost quarterly

Cons

Executives and Managers have zero clue about the mortgage industry and make decisions proving that. If you’re an experienced LO or mortgage industry candidate this place will blow your mind due to its size and cluelessness‼️

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PENNYMAC Response
8mo
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
Sep 11, 2025
Recommend
CEO approval
Business Outlook

Pros

One manager at the site level genuinely cared and tried to support their team. Talented coworkers who do their best despite the environment. Strong name recognition.

Cons

This is not just a “high-pressure sales job.” It’s a culture built on fear, intimidation, and exhaustion. The division prioritizes metrics over people, and it shows in every aspect of the employee experience. Fear Over Feedback: Speaking up is dangerous. Employees who voice concerns are quickly labeled as negative or a “problem.” HR is not a safe option, and feedback sessions are tightly controlled to avoid real criticism. Unrealistic Metrics: Success is measured by spreadsheets, not actual effort or customer experience. Performance standards are punishing and often based on factors outside employees’ control. Call Distribution Games: Leads are not distributed evenly. Some get better calls while others are left with recycled, low-quality prospects—yet everyone is held to the same national targets. The system is fundamentally unfair. Health Toll: The stress here is extreme. Employees report anxiety, burnout, sleeplessness, and the feeling that work consumes their lives. The lack of acknowledgment from leadership only deepens the damage. Revolving Door: Turnover is constant. People leave burned out and disillusioned. Many return briefly out of necessity, only to leave again once they find something healthier.

avatar
PENNYMAC Response
8mo
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, 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"
3.0
Sep 11, 2025

Growth opportunities non existent

Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

Insurance, Coffee rooms, Training, culture committee

Cons

Pay, room for growth, work life balance

avatar
PENNYMAC Response
8mo
Thank you for taking the time to share your thoughts on our company. We appreciate your honest feedback along with the pros and cons you mentioned. Our company values open communication, and we take your advice seriously. We will continue to listen to our employees' feedback and work towards improving our communication channels. Once again, thank you for your honest feedback, and we look forward to continuing to learn and grow with you.
Viewing 49 - 51 of 1,560 Reviews

Glassdoor has 1,675 PENNYMAC reviews submitted anonymously by PENNYMAC employees. Read employee reviews and ratings on Glassdoor to decide if PENNYMAC is right for you.