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
2.0
Apr 13, 2019

Where to start...

Recommend
CEO approval
Business Outlook

Pros

Hard to say... you'll make 6 figures... really the only pro, if you aren't making that much already.

Cons

Micro managed, horrible work culture, outdated systems, poorly trained customer service staff, everyone is unhappy. They slam you with horrible leads, increase margins, and expect you hit high levels of conversion. If you don't, you're written up or canned. Every day it's like there is one new responsibility added to the LOs plate. It's a joke. This company can be so much more, but upper managment is too egotistic and don't value the feedback from their frontline emloyees. No HMO, ok PPO, very little time off/accrual.

1.0
Mar 25, 2019
Recommend
CEO approval
Business Outlook

Pros

There's generally good learning on the job, but you are expected to teach yourself. Training is almost non-existent.

Cons

Long hours. Some VERY poor managers and extremely vicious HR if you have any issues with your manager. Terrible benefits (time off and pay).

3.0
Sep 25, 2018
Recommend
CEO approval
Business Outlook

Pros

Within IT you get to use newer technology and some teams gets off site training. The company is relax compared to some corporate settings

Cons

Management is poorly trained and seem unmotivated. getting raises are tough and when you do you are put on a plan that will increase your salary every quarter instead of just setting your base salary

Viewing 139 - 141 of 1,562 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.