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
5.0
Aug 4, 2020

I love PennyMac

Recommend
CEO approval
Business Outlook

Pros

Since coming to PennyMac I have been blown away at the growth and empowerment Ive experienced. Beginning with little experience I was quickly brought up to speed and exposed to many facets of the industry I had never experienced. The fast paced work environment rewards commitment and resolve, and you can quickly grow your career so long as you're willing to do the work and have the conversations. The managers I work with are experienced, knowledgeable, and incredibly hardworking which makes a world of difference in the day to day. Culture as well as Diversity/Inclusion are taken very seriously by the company, whether its gift baskets, holiday gifts, food trucks, ice cream socials, or activities such as trivia, vision boards, and toy drives - there is always something going on at PennyMac. The company has endless roles or departments or channels to work in, so you will always find a fit for you and your talents.

Cons

Raises and promotions are done during scheduled times, as well as rules regarding how much percentage of a raise you can receive during a given time period. Its very difficult (not impossible) to get anything "off cycle" or to receive sizable raises.

5.0
Aug 4, 2020

Greatness in the making

Recommend
CEO approval
Business Outlook

Pros

PennyMac has a great training team which is extremely transparent and patient. Time to adapt in this environment comes with trial and error. More mistakes you make the better you become with the personal 1/1 training as well.

Cons

No cons when you are taught and hardworking.

Viewing 1216 - 1218 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.