PENNYMAC reviews

3.0

46% would recommend to a friend

(1,560 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 1,560 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
Jul 9, 2024

Great Company

Recommend
CEO approval
Business Outlook

Pros

opportunity to work on new technology and good work life balance. Open door policy with manager

Cons

No hybrid or remote allowed.

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PENNYMAC Response
1y
We would like to extend our sincere thanks for taking the time to share your thoughts and feedback about your experience with our company. We value all of our employees' feedback, and we appreciate your insights on the pros and cons of the company. Our direct managers are a critical asset to our company, and we're glad to hear that you find them to be caring and supportive. We also understand that supportive coworkers and casual attire create a relaxed and pleasant working environment for our employees. We understand that some processes here can be frustrating to you, but rest assured that we're working hard to improve in that area. Lastly, thank you for your willingness to learn and grow. We believe that a strong team is a team that is constantly developing, and we hope you find value in the resources we offer to help you succeed in your role.
3.0
Jul 9, 2024
Recommend
CEO approval
Business Outlook

Pros

Position was ok and nice

Cons

Management could have been better

1.0
Jul 4, 2024

Poor management

Recommend
CEO approval
Business Outlook

Pros

Pay was decent, raises were good if you actually received one and there were opportunities to grow. Bonuses were nice and OT was available.

Cons

Management is horrible. They were never available, wouldn’t respond to your questions and if they did they wouldn’t give you a straight answer. Managers in Phoenix office were very discriminating and harassed their employees. Would yell at you on the phone and tell you that you were useless. The PTO is also outdated, 3 weeks a year is the max you can ever earn here.

Viewing 166 - 168 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.