PENNYMAC reviews

Ineptitude and incompetence at all levels is treated as an open secret and widely tolerated with seldom, if any, consequences for shoddy output. Far too much time is wasted looking for and correcting the errors of lower level employees upon which critical work is based. Management is wildly unimpressive, lacking strong leadership abilities and the basic capability to command a staff effectively to accomplish goals and tasks in a timely manner with positive results. Company has a seat-of-the-pants, Wild West style. “Let’s throw this at the wall and see if it sticks” is not an efficient corporate governance strategy. Pay is mediocre, at best. Career advancement appears based on lunchtime and after work socializing prowess rather than hard skills, demonstration of competence and documented accomplishments. Too many potlucks, free cafeteria lunches and useless company-branded trinket giveaways as opposed to meaningful pay increases (for those deserving based on performance) or investment in better health benefits.