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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
      1.0
      Aug 16, 2024

      Lies and deception

      Svp
      Recommend
      CEO approval
      Business Outlook

      Pros

      Free coffee and safety pin day in Agoura Hills once a year, hooray, we now have culture.

      Cons

      Top leadership of the company, especially in Agoura Hills are liars, incompetent bullies, and will stab you in the back without you knowing about it. Some of the most poisonous culture I’ve ever worked with in my entire life. I’m so happy I left. Honestly, don’t trust anything they say. The grass is definitely greener on the other side, so run.

      avatar
      PENNYMAC Response
      1y
      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. We are working hard to build a work environment that encourages growth and promotes wellness (mental, health, and financial). Growing as a company does not always mean size, it also means growing our ability to provide meaningful benefits, engaging experiences, and impactful leadership. We are continuously evaluating ourselves to improve our impact on our employees, customers, and shareholders. Based on your feedback we missed the mark, if you are willing, please reach out directly to us at employeerelations@pennymac.com so that we can better understand your specific situation and incorporate our feedback into our improvement strategy.
      2.0
      Apr 13, 2024

      Toxic as Hell

      Business analyst
      Recommend
      CEO approval
      Business Outlook

      Pros

      You’ll make a livable wage, great benefits and access to the companies gym.

      Cons

      Extreme highly stressful toxic workplace environment. Management plays favorites and allows certain employees to do things against that are clearly company policies. Communication is supposed to be a thing but you’ll never get clear responses or a response to anything at all when it comes to projects. It feels like a quiet library where all you’re colleagues are just as stressed out and looking for other jobs to the point where you just feel the morale is horrible.

      avatar
      PENNYMAC Response
      2y
      We wanted to take the time to respond to your last 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. Growing as a company does not always mean size, it also means growing our ability to provide meaningful benefits, engaging experiences, and impactful leadership. We are continuously evaluating ourselves to improve our impact on our employees, customers, and shareholders. Based on your feedback we missed the mark, if you are willing, please reach out directly to us at employeerelations@pennymac.com so that we can better understand your specific situation and incorporate our feedback into our improvement strategy.
      2.0
      Feb 20, 2024

      Tons of Layoffs/You are just a number

      Marketing specialist
      Recommend
      CEO approval
      Business Outlook

      Pros

      I was originally supposed to be placed in a Account Exec development program coming out of college but on our first day they let us know they would be cutting the program and offering us full time jobs instead. Luckily I got placed in a great position for their TPO Marketing team who were awesome while others were not so lucky and got stuck with LO jobs. I worked under a great team, who genuinely cared for me.

      Cons

      Tons of layoffs starting happening and they decided to switch me to another team. The team I was placed on had a horrible manager who acted like she cared for my well being but essentially bullied me out of a job. She would constantly contradict herself and had no idea how to manage someone. The culture is not good. They do not care about their people and retention. They were a revolving door.

      Viewing 67 - 69 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.