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      PENNYMAC

      Engaged Employer

      PENNYMAC reviews

      3.0

      44% would recommend to a friend

      (1,560 total reviews)
      avatar

      David Spector

      51% 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 1,560 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
      3.0
      Aug 14, 2025

      Great work

      Anonymous employee
      Recommend
      CEO approval
      Business Outlook

      Pros

      Great team, clean office, decent pay

      Cons

      Stressful turnovers, lack of support from higher ups when problems happen with loans

      avatar
      PENNYMAC Response
      9mo
      Thank you for taking the time to share your thoughts about your experience working with our company. We appreciate all forms of feedback, whether it be positive or negative as it allows us to improve and continue providing valuable services to our employees and clients.
      1.0
      Aug 14, 2025

      Untrustworthy Organization

      First vp%2c mortgage finance
      Recommend
      CEO approval
      Business Outlook

      Pros

      Excellent pay, they are at the center of the correspondent secondary markets and are well positioned and well capitalized. You can learn a ton and get great experience.

      Cons

      Hyper political environment, some of the worst aspects of the old Countrywide culture. If you aren't personally aligned with the right senior execs, you can get laid off in an instant. Very little loyalty, litany of carnage of VPs to EVPs who were screwed over but then given a pay off to sign non-disparagement agreements. If you get an offer from them, ask for a guaranteed severance package. If they won't provide it, don't accept the offer.

      avatar
      PENNYMAC Response
      9mo
      We wanted to take the time to respond to your review. It seems your experience was frustrating and left you with a bad feeling. Although it is not the norm, we understand it was your experience. I would like to encourage you to reach out to us directly employeerelations@pennymac.com so that we can understand more about your situation. Even if we cannot change the past we can influence the future. 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.
      1.0
      Aug 12, 2025

      Toxic work environment

      Mortgage loan processor
      Recommend
      CEO approval
      Business Outlook

      Pros

      Large footprint in the mortgage industry

      Cons

      Toxic management Poor processing format Employees are a disposable commodity

      avatar
      PENNYMAC Response
      10mo
      We appreciate your honest feedback regarding your experience as a loan officer at Pennymac. We are disappointed to hear that we did not meet your expectations and that you had such a negative experience while working with us. Overall, we appreciate your feedback and are eager to learn from it to improve our company. We wish you all the best in your future endeavors and hope that you find a workplace that meets your expectations.
      Viewing 58 - 60 of 1,560 Reviews
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      ReviewsPENNYMAC 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.