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
Mar 8, 2022
Recommend
CEO approval
Business Outlook

Pros

-Remote work -Quarterly bonuses -Decent management -Office events

Cons

-No work life balance -High turnover rate -Poor training -Lots of layoffs

1.0
Mar 8, 2022

Careless, Classless, Greedy Company

Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

Potential Work From Home, 50k starting salary in most positions

Cons

No valuable work experience, you’re just a number to them, they do not care about you or view you as a human, they’re never satisfied with your work, unappreciative, constantly pressure you into transitioning into a role that will make them more money even if it’s not in your best interest, will lay you off without severance, “mandatory overtime?” will make you keep working outside of your agreed upon hours even though your contract says that you’re not obligated to, will change your schedule without you having a say. Overall, not much positivity to take from company, and I feel a huge sense of relief no longer being affiliated with a company like this.

1.0
Mar 7, 2022
Recommend
CEO approval
Business Outlook

Pros

They're really into "office culture" which is a cubicle farm that sometimes does things nobody wants, like ice cream socials. I guess if you're into doing non-work related things at work or other Mandated Fun Activities, you may enjoy it here when they force us back to office.

Cons

Where to start? They over-hire and then they mass fire. They just laid off hundred of employees after over-hiring AGAIN. They have done this twice in the last year alone. If you were smart enough to look them up before accepting the job and are reading this review, just know that they will drop you the very second business slows down. In the meeting they just held announcing the mass layoffs, they reassured us that those remaining would not be laid off and they may actually be looking to hire in third quarter (three months from right now). Just goes to show you how they "value" employees. They also will not give you a raise. You know who got a raise this year? The CEO. He already made 12 million a year, and the rest of us are making 18/hour, but I'm sure he needs that money more.

Viewing 76 - 78 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.