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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 category

      3.7

      Diversity & inclusion

      3.2

      Culture & values

      3.0

      Compensation and benefits

      2.9

      Work/Life balance

      2.9

      Career opportunities

      2.8

      Senior management

      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).

      Ratings by demographic groups

      Reviews by job title

      2K reviews
      2.0
      Sep 28, 2017

      Antiquated Ideals

      Analyst ii
      Recommend
      CEO approval
      Business Outlook

      Pros

      Cafeteria is subsidized. That's nice.

      Cons

      This is Countrywide 2.0. The Sr management is all old CHL execs and they brought over that culture and style. There is almost no room for advancement. The company was built by recruiting old CHL and BofA employees. This means that as those companies cut the fat, PNMAC gobbled up that fat. Their longest tenured people are the worst of the worst that BofA had to offer. The employees worth keeping through all the tough times at BofA who were only cut as business moved out of CA are the last ones to get to PNMAC and get stuck in bottom rung positions. The company is more intent on getting people to buy into the culture and making it feel like CHL again to create some nostalgia than actually succeeding and reinventing. It will fail.

      1.0
      Aug 16, 2017

      Don't make the same assumptions...

      Anonymous employee
      Recommend
      CEO approval
      Business Outlook

      Pros

      Great cafeteria, friendly co-workers.

      Cons

      Where to start, you will not be compensated according to your experience, merit or knowledge. Growth possibilities are non-existent. In the rare occasion that you are granted a raise, it will take 6 months to approve and will be a gradual increase over a 6 month period. Health insurance is ridiculously expensive. I could go on, but ensure you address these concerns during your interview.

      1.0
      Feb 18, 2016

      Everything Corporate America, but worse

      Anonymous employee
      Recommend
      CEO approval
      Business Outlook

      Pros

      Employees (outside of some self-interested senior management) are good people and try to make the best of it.

      Cons

      If you are just comparing competitors in the local area, it is worse culture, worse benefits yet this company does not give much in raises, splits the bonuses (which are paltry), does not give raises with promotions, stock bonuses might as well be worthless...see its stock down over 25% from a year ago - enjoy inevitably getting laid off if you think the pros outweighs the cons...the company saving money now is not going to come back to you in the form of job security when business slows down. Be proactive and look elsewhere now! Sycophant manager is unworthy of having people under him. Not interested in his subordinates progressing in their careers if it threatens his comfort.

      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.