PENNYMAC reviews

3.0

46% would recommend to a friend

(1,564 total reviews)
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David Spector

52% approve of CEO

46% positive business outlook

PENNYMAC has an employee rating of 3.0 out of 5 stars, based on 1,564 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
4.0
Aug 25, 2020

Efforts Earns Rewards

Recommend
CEO approval
Business Outlook

Pros

The better production you have, the higher the pay you can earn. If you work hard, you will see the benefits. Also, management is very clear on what goals you need to achieve, but don't micromanage you. Ultimately, your results are up to you.

Cons

Only con is you need to be patient when questions arise. The loan counselor team is growing at a pretty rapid rate and there's only so many supervisors to go around. Make sure you use other resources if need be

5.0
Aug 18, 2020

Love PennyMac!

Recommend
CEO approval
Business Outlook

Pros

Very employee focused. They really rallied for the employees and their families/friends with COVID. Starting a program for displaced workers and moved everyone home immediately and almost seamlessly so there was no disruption to the employee or the customer. I am proud to work here.

Cons

I don't think the salaries and bonuses are as high as many mortgage companies, however the growth potential is high and encouraged.

Viewing 1204 - 1206 of 1,564 Reviews

Glassdoor has 1,680 PENNYMAC reviews submitted anonymously by PENNYMAC employees. Read employee reviews and ratings on Glassdoor to decide if PENNYMAC is right for you.