PENNYMAC reviews

CEO/Executives - do not want to pay their employees appropriately. You will be overworked. You will be paid under the average salaries of your peers with other companies. They do jot plan on giving raises when annual reviews are completed. They do not share the profit sharing’s, end of year bonus is not a thing here. The use their Penny Pantry as a way of an incentive for having to be fully on site. The CEO hates Work from home models and currently in the process of eliminating this. The CEO and executives prefer to eliminate departments instead of giving justified pay raises for the work load presented. Growth is not a priority with PENNYMAC.

First off if you work at an office with less visibility to management, good luck getting any recognition, much less a promotion, no matter how impactful you are. Management plays favorites so hard it’s comical, and also near impossible to survive the micromanagement. If you don’t stroke management’s ego to some degree, all you’ll get is empty promises of advancement. After the tech work streams were gutted and RTO was enforced, it’s like everyone’s morale died out. Not to mention the turnover, most folks would stay for a maximum of 3 years before they get fed up with being treated like this and leave.