PENNYMAC reviews

3.0

46% would recommend to a friend

(1,561 total reviews)
avatar

David Spector

52% approve of CEO

46% positive business outlook

PENNYMAC has an employee rating of 3.0 out of 5 stars, based on 1,561 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
Nov 14, 2017
Recommend
CEO approval
Business Outlook

Pros

pay checks clear on time

Cons

Do not believe any of the positive reviews as management has been encouraged to add positive reviews. This is NOT a good place to work. No Raises but they still do annual review just to tear down employees. Bonuses are promised but stolen away per company policy. Overtime is demanded on the same day as you are expected to work it. No advancement unless former Countrywide or Bank of America crony. Benefits too expensive and just average.

5.0
Nov 13, 2017

Excellent, Fast Growing Company provides opportunity

Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

Experienced executives who know what they are doing, great people at all levels, lots of opportunity if you are patient and willing to work hard.

Cons

Benefits could be better but are improving every year.

5.0
Oct 23, 2017
Recommend
CEO approval
Business Outlook

Pros

I would like to share how much i enjoy working here. I like coming into work every morning with a positive energy. I really enjoy all the feedback i get from my peers and management good or bad its always great to know where i stand. I am happy with all the support i have received throughout the time i have been here and the future as well.

Cons

There really is no downside working at PennyMac, such a great company and there is room for growth.

Viewing 1378 - 1380 of 1,561 Reviews

Glassdoor has 1,676 PENNYMAC reviews submitted anonymously by PENNYMAC employees. Read employee reviews and ratings on Glassdoor to decide if PENNYMAC is right for you.