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      PENNYMAC

      Engaged Employer

      PENNYMAC reviews

      3.0

      46% would recommend to a friend

      (1,563 total reviews)
      avatar

      David Spector

      52% approve of CEO

      46% positive business outlook

      Ratings by demographic groups

      PENNYMAC has an employee rating of 3.0 out of 5 stars, based on 1,563 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
      Dec 9, 2019

      Great Company. Great People. Great Loan Officer Sales Manager.

      Mortgage loan officer
      Recommend
      CEO approval
      Business Outlook

      Pros

      Adam Adoree = Great Sales Manager. The Moorpark Loan Officer Manager, is fantastic and supportive of his loan officers, especially during LO's early training days. Really nice man who knows how to motivate LO's. Great long term, monthly training. Friendly co-worker Loan Officers who help each other inside the office. Good Team of Loan Officers. Best Sales Manager I ever had. Honestly. He will recognize this review, since I was the oldest LO he ever hired in 2019. He truly was a unique manager with incredible motivation skills. I miss him already. If my wife's family health issues hadn't taken me away so quickly, I would have worked for him...for many years. Loan Officers, please apply with confidence. Good Company. Great Sales Manager.

      Cons

      All phone calls recorded and reviewed for mistakes constantly. Not always fair review. Difficult to remain on daily monitored schedule. Upper management always commenting on daily production without real understanding on the lower levels of Loan Officer struggles.

      2.0
      Dec 4, 2019

      Tough place to work

      Senior leadership
      Recommend
      CEO approval
      Business Outlook

      Pros

      Growing company, probably a lot of opportunity careerwise if you can deal with the culture.

      Cons

      Old school, whip cracking, mortgage company culture. There are a lot of politics based off of the Countrywide model, an old school guard and "who knows who". Also a select group of people find a way to slide by with limited competence in their area based off of the politics rather than knowing what they are doing.

      3.0
      Dec 3, 2019

      Good for building experience

      Loan processor
      Recommend
      CEO approval
      Business Outlook

      Pros

      Good people and great lunch plan.

      Cons

      Bonuses are paid out every quarter.

      Viewing 1252 - 1254 of 1,563 Reviews
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      ReviewsPENNYMAC reviews

      Glassdoor has 1,679 PENNYMAC reviews submitted anonymously by PENNYMAC employees. Read employee reviews and ratings on Glassdoor to decide if PENNYMAC is right for you.