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
Aug 26, 2021
Recommend
CEO approval
Business Outlook

Pros

Leads are good and people buy and you can match their shopping. You will make good money some months.

Cons

Recruiter flat out lies about expectations and how the company really is. Management uncaring on all levels. They really dont care if you leave or if they push you out. Hours are way longer than anticipated or told they actually are. You will go on performance review when you return from vacation. The phone systems and the computers they use are ancient and dont work properly. Pay changes are random and not justified. Metrics make no sense and have everyone on performance review and on the verge of being fired. Benefits are trash. No competitions or inner office contest or culture, just work. Not willingly to have people work remote. Most of the random blank 5 star reviews are fake. And yes the turnover rate is like 50% and of the people that do stay many complain about the treatment they recieve almost weekly.

2.0
Dec 4, 2019

Tough place to work

Recommend
CEO approval
Business Outlook

Pros

Growing company, probably a lot of opportunity careerwise if you can deal with the culture.

Cons

Old school, whip cracking, mortgage company culture. There are a lot of politics based off of the Countrywide model, an old school guard and "who knows who". Also a select group of people find a way to slide by with limited competence in their area based off of the politics rather than knowing what they are doing.

Viewing 79 - 81 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.