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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
      3.0
      Nov 30, 2017

      Good people and great place to work, but...

      Anonymous employee
      Recommend
      CEO approval
      Business Outlook

      Pros

      The people that you deal with on a daily

      Cons

      Middle Management and Leadership is not great at communication nor do they foster culture of wanting to hear the "truth" if it could affect goals. The pay is way incredibly below market value (< 30%) for Southern California. Nor is the opportunity for career advancement.

      1.0
      Nov 14, 2017

      beware of the positive reviews

      Underwriter
      Recommend
      CEO approval
      Business Outlook

      Pros

      pay checks clear on time

      Cons

      Do not believe any of the positive reviews as management has been encouraged to add positive reviews. This is NOT a good place to work. No Raises but they still do annual review just to tear down employees. Bonuses are promised but stolen away per company policy. Overtime is demanded on the same day as you are expected to work it. No advancement unless former Countrywide or Bank of America crony. Benefits too expensive and just average.

      1.0
      Oct 11, 2017

      Typical

      Auditor
      Recommend
      CEO approval
      Business Outlook

      Pros

      You will get paid on time. That is about it.

      Cons

      Non existent upward mobility. Poorly run from the top down. Do not take care of employees. Same upper management as Countrywide Home Loans.

      Viewing 85 - 87 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.