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
1.0
Feb 19, 2024

Horrible Company/Management

Recommend
CEO approval
Business Outlook

Pros

Please run, don't walk. Stay away from this place.

Cons

This is easily one of the worst companies I have ever had the displeasure of working for. 0 Raises. They'll make up some BS like "Oh our budget only allows for this and this, but not this. If you want a raise, you'll have to go above and beyond and do things outside of your pay grade to receive it". I had this job because I need money, not because I need to break my back (metaphorically) being overworked. Management has absolutely 0 concept of actual managing. They not only lack people skills, but they lack the ability to do what their title entails, manage. I understand micromanaging comes with the territory, but that's not the issue. Nobody is ever on the same page. Constant disagreements on how to do something. Only for them to come back and change their answer again, and again, and again. Additionally, they have a toxic mindset and constantly threaten our job. They tell us to "change our mindset" when we are telling them we're overworked. Heaven forbid you have a complaint. "Deal with it" is the typical response. They have the whole, "it's my way or the highway' approach. Look at the decline in reviews. There's a reason. Please stay far, far away.

Viewing 163 - 165 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.