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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
      2.0
      May 16, 2018

      Tough

      Anonymous employee
      Recommend
      CEO approval
      Business Outlook

      Pros

      Clean work space and office.

      Cons

      Total top down control, no consideration for personal life, some good people work here and the leaders are good people but don't realize that they are not providing a good and positive work environment.

      2.0
      Apr 19, 2018

      PennyMac.... is it worth it?

      Anonymous employee
      Recommend
      CEO approval
      Business Outlook

      Pros

      Love the people I work with. The culture in Los Angeles offices is great, I hear.

      Cons

      *** If you expect a bonus make sure the language is included in your offer letter. DO NOT EXPECT to receive a bonus based upon merit, hard work, & stellar performance review (it won't happen!) *** Benefits are sub-par compared to other real estate finance companies. Medical offered, but VERY expensive if you add spouse and/or children. Vacation: (everyone receives the same, there is NO negotiating) • FVP and below receive 10 vacation days per year, accrued at 3.33 hours • SVP and above receive 15 days per year, accrued at 5 hours Sick Time: (everyone receives the same, there is NO negotiating) 6 days per year, accrued at 2 hours per pay period of service. Recognized Holidays: • New Year’s Day (Jan 1) • Martin Luther King Jr. Day (3rd Monday in January) • Presidents’ Day (3rd Monday in February) • Memorial Day (last Monday in May) • Independence Day (July 4) • Labor Day (1st Monday in September) • Thanksgiving (4th Thursday in November) • Christmas (December 25) • One Alternative Holiday

      2.0
      Mar 2, 2018

      Company does not believe in salary increase

      Anonymous employee
      Recommend
      CEO approval
      Business Outlook

      Pros

      Good simplified process; good colleagues

      Cons

      Promotions are not based on personal merits. Company does not believe in salary increase

      Viewing 145 - 147 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.