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
2.0
Jul 25, 2013

Just enough bad managers to render the good ones useless.

Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

There are some really smart people here and many of them believe that they can make a difference. There's an exceptional number of people willing to work really hard.

Cons

Work/Life Balance is like a foreign language. If your life is work then you'll feel balanced but if your a regular person they'll burn you out as quickly as they can.

1.0
Jul 16, 2013
Recommend
CEO approval
Business Outlook

Pros

There are no pros about working at this place. They work you overtime to death and ask for more when you are burned out.

Cons

This company is a bottom feeding company. I do underwriting for them and many of us in the department need a job to feed our kids, I feel sorry for their mortgage customers because they have to wait twice as long as other companies to even start their paperwork and the management here are all a bunch of buddies that know each other.

1.0
May 24, 2013
Recommend
CEO approval
Business Outlook

Pros

Since it is a new company, employees do not have to spend an inordinate amount of time on conference calls or in unproductive meetings. Not a lot of Bureaucracy to deal with as compared to a large company. The company offers free parking and has a pretty decent on site cafeteria.

Cons

Avoid the Loan Servicing department at all costs as it has a very high school environment, and certain managers are absolutely horrendous to work for. There is a certain manager in the Loan Servicing department who I would say has the personality of a rattlesnake, but that would be an insult to the overall rattlesnake community. Speaking of which, she and her boss, and her bosses’ boss are all snakes! They are all very unprofessional, and often criticize other peers and Managers in front of their employees. They make promises and commitments that they have no intention of honoring, and are generally very unethical, dishonest people whom no one should ever trust. In addition, employees are overloaded with work and expected to work long hours, for which they are only rewarded with more work. An employee can do a great job on a thousand things, and it will go unrecognized, if not unnoticed, but make just one mistake and you’ll never hear the end of it. In summary, it’s a sweatshop!

Viewing 1555 - 1557 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.