PENNYMAC reviews

3.0

46% would recommend to a friend

(1,562 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 1,562 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
1.0
Apr 29, 2023
Recommend
CEO approval
Business Outlook

Pros

Futuristic Coffee machine, smallest cups ever.

Cons

Micromanagement down to the second. The absolute worst lunch break schedule I have ever seen. This has to be drafted up while drinking, there is no other explanation. (Forced to take break 50 mins after starting shift?!?)

1.0
Apr 19, 2023

New bad ideas

Recommend
CEO approval
Business Outlook

Pros

Company comes up with new visions, ideas, concepts and ways to track, meetings, production and spreadsheets.

Cons

Way over staffed and upper management month to month production focus could be classified as bipolar. Executive level is blinded by spreadsheets and far from any business pulse. Any new idea or product is fairly behind the market. Good luck appearing competitive with pricing, consistently need pricing exceptions just to catch up with competitors initial offering price. LO’s receive 10-20 inbound calls a day unfortunately 70% of the calls are misdirected phone calls meant for customer service.

1.0
Feb 23, 2023

Awful Tech Culture

Recommend
CEO approval
Business Outlook

Pros

No pros to mention about now.

Cons

Company has no idea what business analysts and project managers are supposed to do when it comes to IT. They trust their project managers too much and are obsessed with ticket pointing but the project managers don't even understand code so how would they evaluate whether a developer is pointing correctly? The most unproductive devs would give themselves lots of points while the most productive devs would be honest but look "bad" to the eyes of the project managers. But the project managers and business analysts were completely clueless.

Viewing 121 - 123 of 1,562 Reviews

Glassdoor has 1,677 PENNYMAC reviews submitted anonymously by PENNYMAC employees. Read employee reviews and ratings on Glassdoor to decide if PENNYMAC is right for you.