Question 1

Is PENNYMAC a good company to work for?

Accepted Answer

PENNYMAC has an overall rating of 3.0 out of 5, based on over 1,675 reviews left anonymously by employees. This rating has decreased by 5% over the last 12 months. 44% of employees would recommend working at PENNYMAC to a friend and 46% have a positive outlook for the business. The best reviews about PENNYMAC have been left by employees working as Supervisor, Sales Manager and Loan Counselor.

Question 2

Does PENNYMAC pay their employees well?

Accepted Answer

According to anonymously submitted Glassdoor reviews, PENNYMAC employees rate their compensation and benefits as 3.0 out of 5. Find out more about salaries and benefits at PENNYMAC. This rating has decreased by 3% over the last 12 months.

Question 3

How satisfied are employees working at PENNYMAC?

Accepted Answer

44% of PENNYMAC employees would recommend working there to a friend based on Glassdoor reviews. Employees also rated PENNYMAC 2.9 out of 5 for work life balance, 3.2 for culture and values and 2.9 for career opportunities.

Question 4

What are the top reviewed jobs at PENNYMAC?

Accepted Answer

Loan Officer (122), Mortgage Loan Officer (103), Home Loan Specialist (64), Customer Service Representative (58), Home Loan Specialist I (40), Home Loan Specialist II (37), Analyst (32), Loan Processor (31), Business Analyst (27), Vice President (18), Mortgage Underwriter (17), Manager (16), Sales Manager (16), Financial Analyst (14), Supervisor (14)

Question 5

What are the pros of working at PENNYMAC according to real employee reviews?

Accepted Answer

"Great people and move quickly as compared to the larger institutions" ((in 116 reviews)); "Pay is good and plentiful if you can live through the first year" ((in 103 reviews)); "There are good benefits when it comes to medical and 401k" ((in 64 reviews)); "I have been with the company for several years now and can say that  PennyMac has a great culture." ((in 54 reviews)); "My manager was great and she tried to help bring our department up to date" ((in 49 reviews))

Question 6

What are the cons of working at PENNYMAC according to real employee reviews?

Accepted Answer

"This is because of the poor management spearheaded by the site lead who proceeded to mismanage the site from the moment I was there." ((in 105 reviews)); "No training and lack of assistance" ((in 51 reviews)); "Virtually no work life balance" ((in 50 reviews)); "Lots of layoffs" ((in 26 reviews)); "No bonuses to anyone that isn't in management." ((in 25 reviews))

Question 7

What are employees saying about PENNYMAC layoffs in 2026?

Accepted Answer

Explore Glassdoor’s employee reviews to understand what current and former employees are saying about PENNYMAC layoffs and their outlook for job security at PENNYMAC in 2026.

Question 8

What are the top reviewed PENNYMAC locations?

Accepted Answer

Moorpark, Plano, Tampa, Fort Worth, Westlake Village, Pasadena, Phoenix, Los Angeles, Agoura Hills, Roseville, Westlake Village, Saint Louis, Las Vegas, Dallas, Thousand Oaks, Cary, Franklin, Raleigh, Sacramento, Nashville, Westlake, Irving, Dallas-Fort Worth, Summerlin, Carrollton, Honolulu, Agoura, Tucson, Houston, Canoga Park

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Management Sucks!

Horrible place to work

Very boring job and no room for advancement. Only work here if you are desperate for a job.

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