Pros
PennyMac has been the best company to work for. Management is very approachable, most are former loan officers that understand the difficulties of the job. - Warm inbound leads mostly from our large portfolio. Customers know who we are and receive direct marketing to call us directly instead of a third party mortgage website. We have dispatch teams that work hard to keep are phones ringing. -Very competitive pay compared to most mortgage lenders. Not many restrictions on OT, so you can always put in more hours to boost your pay. -Good work life balance. You don't have to take work home and won't be contacted on your cell or personal email. -This is a growing company that seems to always be hiring, advancements are merit based. -A lot of free lunches have been provided lately
Cons
-Medical benefits are expensive -There has been an increasing amount of operational work for loan officers which cuts into the amount of time we can spend getting more loans