PENNYMAC reviews

Below market compensation, outdated work culture, and lack of work recognition. Management tends to only promote those that they personally favor. It is not based on merit at all. They refuse to recognize and promote younger analysts and, instead, focus on promoting FVP's and SVP's. It is impossible to go from analyst to VP level unless you started between 2008 and 2010, when the company was first founded. The company also does not understand how younger generations think. It is their most significant flaw. Management continues to complain about how they fail to retain younger employees, but they are unwilling to tackle the real issue of company culture.

The corporate culture is exhausting. Leadership sends emails out each and every day (sometimes multiple times throughout one day) telling us to spend more time on the phones, work extra ours, etc. Comp plan changes frequently and employees are discourages from speaking their mind or presenting ideas to leadership. Constantly being compared to peers, and always being held to unreasonable performance metrics. Lots and lots of micro managing. Just ask about call monitoring and "critical fails" if you want a good laugh.