PENNYMAC reviews

3.0

44% would recommend to a friend

(1,560 total reviews)
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David Spector

51% approve of CEO

46% positive business outlook

PENNYMAC has an employee rating of 3.0 out of 5 stars, based on 1,560 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
4.0
Aug 14, 2017

Return on investment

Recommend
CEO approval
Business Outlook

Pros

Leaders of the industry work here. You are exposed to many opportunities to learn all facets of the mortgage world allowing you to add to your foundational skills. Recognition is given but only when warranted. If you put in the effort you get fair compensation and opportunity. Interaction with senior management is plentiful and motivates you to want to succeed.

Cons

People feeling disenfranchised and bitter regarding the company seems rampant. This in my opinion is a direct result of individual contribution. No-you will not get a scheduled raise and bonuses are not guaranteed. You will however be given these if you prove yourself an asset. Mid level performance can keep you at the company but excelling in your role, innovation, adaptability, attitude, performance drive your rewards. People need to have some introspective analysis before blaming their career arc on the company. Incentives are not a given and should not be expected when your measurable merit is simply that "I worked here for a year and haven't once gotten _______"

4.0
Aug 4, 2017

Loan Officer

Recommend
CEO approval
Business Outlook

Pros

As a loan servicer, Pennymac provides Loan Officers with plenty of leads and system access to easily be successful. Managers are very helpful as well as peers.

Cons

Schedule adherence is very strict. Very little time off is available. Managers often request "Mandatory OT" or to come in during weekends and holidays.

5.0
Jun 22, 2017

Great time to be in mortgage.

Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

It is a growth company in a dynamic industry and has the most committed leadership team in mortgage. This continues to provide opportunities to learn and grow in my career.

Cons

It is a very intense environment.

Viewing 1510 - 1512 of 1,560 Reviews

Glassdoor has 1,675 PENNYMAC reviews submitted anonymously by PENNYMAC employees. Read employee reviews and ratings on Glassdoor to decide if PENNYMAC is right for you.