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

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 5, 2025

Good company

Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

Good and talented people work there

Cons

Unfortunately bad management (some)and culture

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PENNYMAC Response
10mo
We would like to extend our sincere thanks for taking the time to share your thoughts and feedback about your experience with our company. We value all of our employees' feedback, and we appreciate your insights on the pros and cons of the company.
4.0
Jul 24, 2025
Recommend
CEO approval
Business Outlook

Pros

I really like my job at PennyMac. The work is challenging and the development culture is really great. I feel fully supported by my leaders and enjoy the people. Culture is good.

Cons

This company is obsessed with RTO. You have to fill out an online form to be able to WFH and they set the goal of in office of 85% of the time, meaning you can only WFH once every 2 weeks.

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PENNYMAC Response
11mo
Thank you for taking the time to share your thoughts and provide feedback as it helps us to evaluate and improve our work environment for all employees. We appreciate your feedback and we want to invite you to reach out directly to our human resources team at employeerelations@pennymac.com to discuss the policy and how it is executed. We must ensure compliance with state employment laws, however, we want to ensure there is understanding and fairness regarding the daily procedures. Ultimately, we appreciate the opportunity to learn and grow, and we hope that we are addressing any concerns so we can improve the overall work experience for everyone.
3.0
Jul 23, 2025

Everyone's Experience is Different

Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

Friendly work environment/atmosphere and people.

Cons

Career growth and compensation is severely lacking. Loyalty and tenure mean nothing. For a company that makes record profits year over year but cannot give their employees an annual increase of any kind is insulting.

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PENNYMAC Response
11mo
Thank you for taking the time to share your thoughts about your experience working at Pennymac. We understand feeling disappointed in your compensation package. We have been growing our total rewards package (tuition reimbursement, charitable and volunteer matching programs, wellness programs, and increased paid time off) to continue to increase the value we provide our employees in this very competitive environment. Thank you for being a part of our journey to excellence.
Viewing 61 - 63 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.