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      PENNYMAC

      Engaged Employer

      PENNYMAC reviews

      3.0

      46% would recommend to a friend

      (1,562 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 1,562 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
      Mar 17, 2022

      do not work here

      Home loan specialist
      Recommend
      CEO approval
      Business Outlook

      Pros

      it's a job that you have

      Cons

      * No raises * Layoffs *Little to No opportunity for growth * Unprofessional **will low ball you

      1.0
      Feb 24, 2022

      Pennymac- Home of Praise with the Raise

      Independent contributor
      Recommend
      CEO approval
      Business Outlook

      Pros

      Due to COVID we are working from home. No pressure about getting vaccinated or not. I have the opportunity to learn new things.

      Cons

      No annual pay increase even as other companies are increasing pay in an effort to keep their employees Post Pandemic. Get told we are doing as a company and are thanked for our hard work but not seeing it on the paychecks. Employees being told what the goal is and not providing direction on how to get to that goal saying figure it out. So, good luck with that.

      4.0
      Jan 12, 2022

      Great job with great income potentials but processing issues are frustrating

      Loan officer
      Recommend
      CEO approval
      Business Outlook

      Pros

      - high compensation - satisfying work - the company is growing quickly and investing into things like technology - my manager supports me and helps me when I need it. - the job is pretty simple once you get it down. It’s a sales job so the main difficulty is keeping your energy up. Once you’ve done it for a few months, you will have a pretty good grasp of the work itself

      Cons

      - appraisal/title issues delay closings and the compensation is based on monthly fundings. It’s a tiered systems so it’s frustrating when your files are pushed back to the next month sometimes causing you to miss a higher pay tier - operations and underwriting teams sometimes mess up loans in processing. Leads are overall excellent but the new “warm transfer” system is quite frustrating and makes the leads harder to convert. Luckily most leads are not provided this way and are simply transferred over

      Viewing 130 - 132 of 1,562 Reviews
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      ReviewsPENNYMAC reviews

      Glassdoor has 1,678 PENNYMAC reviews submitted anonymously by PENNYMAC employees. Read employee reviews and ratings on Glassdoor to decide if PENNYMAC is right for you.