PENNYMAC reviews

Since most of upper management came from B of A which does a horrible job as a mortgage company it is run the exact same way . All loan activities are tasked to about 12 different people who most know nothing about the business . Your day is spent checking what every person who touches the file does . 80% of the time it wasn’t either completed or it was done incorrectly . Lots of conference calls that are more about making people feel included rather than improvements in the company. But hey they send you gifts occasionally and woke millennials live that stuff . If you want a mindless , repetitive job to collect your pay then this is the place for you . If you actually have a brain and want to use it .. go work elsewhere. Typical large corporation.

After reading reviews, I have to think they’re fake. PennyMacs turn over rate is near 50%. Everyday people are leaving- loan officers, processors, management. The company sets insanely high metrics, they hire managers with no managerial experience, they changed their Lead buys and now half your leads are a joke. You aren’t forced to do overtime, but if you don’t and aren’t at their expectation, you will be hounded. You are so micro managed here some managers even give you a script you must follow- no deviation. Even with decades of experience you’re expected to ask your manager what rate you should offer. I recommend don’t walk, RUN from PennyMac.