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

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
3.0
Feb 20, 2018
Recommend
CEO approval
Business Outlook

Pros

Agoura has casual work attire and I hear they are building a gym. IT has a laid back culture the people are fun to work with, however do not be fooled by their culture, they work extremely hard. On site, restaurant Penny Pantry prices are reasonable and the food is excellent.

Cons

Management is very different depending on the department and location; I see many sub cultures. PennyMac seems to be going through some growing pains reorganization etc.

3.0
Sep 17, 2017
Recommend
CEO approval
Business Outlook

Pros

its a nice building. thanks.

Cons

Stop sending announcements saying how PennyMac is beating records, etc. If PennyMac is doing so great, start giving raises. How do you expect people to stay working here and tell them you only get a raise if you get promoted! Promotions are rare. Why can't we save more than 6 sick days? After that, you never accumulate any more. You are encouraging people to call in sick. You don't pay us for the sick days if we leave the company, so let us accumulate hours if we are not using them, what's the harm? I watch coworkers call in sick 6 times a year, every year. I never use sick time, yet I only have 6 days on the books after many years of working here.

1.0
Aug 12, 2017

Call center

Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

No pros at all

Cons

The company is a thief !!! They have lots of corporate politics going on and your performance as employee doesn't matter. I worked for 4 years and micro managed to the second and lots discrimination goes in within the company !!! Minority's are not accounted for and they know how to falsify stuff on you a corporate way which nothing can be done but one day will catch on to them !! They talk about being ethical but they should be ethnically themselves before preaching to others

Viewing 148 - 150 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.