PENNYMAC reviews

3.0

46% would recommend to a friend

(1,563 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 1,563 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
May 3, 2021
Recommend
CEO approval
Business Outlook

Pros

The pay is the only positive benefit

Cons

This company does not care about you, at all. They make it look good, they make it sound good but that company is heartless. I worked in the Las Vegas location where it was just a bunch of catty woman who didn’t want to help just sit up & gossip all day but we’re supposed to be supervisors helping

1.0
Mar 23, 2021

Horrible Mortgage Company

Recommend
CEO approval
Business Outlook

Pros

A steady paycheck but even that takes pulling teeth every month to achieve

Cons

-non sense metrics that keep you from selling -micromanagement Retail Control Tower environment -antiquated systems that make selling home loans take forever -horrible processing that takes 90+ days -cancel loans culture with no customer regard -Horrible management that retaliates. They will not inform you of policies and will apply them when they are done with you. -encourage LOs to work off the clock to avoid overtime to achieve metrics -worthless HR that only has company’s back -terrible benefits

1.0
Dec 10, 2020

No work/life balance

Recommend
CEO approval
Business Outlook

Pros

Nice compensation. If you hit the weekly goals, you can earn a very nice income.

Cons

Sales, sales, sales! There is no work life balance. Management expects overtime on a regular basis to meet sales goals. Working 50 hours a week will become the norm and if you don’t hit your goal for the week your manager may require you to come in the weekend. If you need to take time off for any reason at all, good luck! If you’re looking for a company where you feel valued as an employee and not just a cog in the machine, look elsewhere.

Viewing 178 - 180 of 1,563 Reviews

Glassdoor has 1,679 PENNYMAC reviews submitted anonymously by PENNYMAC employees. Read employee reviews and ratings on Glassdoor to decide if PENNYMAC is right for you.