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      PENNYMAC

      Engaged Employer

      PENNYMAC reviews

      3.0

      46% would recommend to a friend

      (1,562 total reviews)
      avatar

      David Spector

      52% approve of CEO

      46% positive business outlook

      Ratings by demographic groups

      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
      Mar 14, 2024

      Bad management

      Senior data scientist
      Recommend
      CEO approval
      Business Outlook

      Pros

      Nothing in particular to write about

      Cons

      Incompetent upper managment, old countrywide sales org wrapped around new logo and website

      avatar
      PENNYMAC Response
      2y
      Firstly, we would like to thank you for taking the time to share your experience with us. We appreciate your candid feedback and we are sincerely apologetic that we did not meet your expectations. We assure you that we take these matters very seriously and will work towards creating a more open and transparent work environment where employees are treated with the respect and common courtesy they deserve. Lastly, we greatly appreciate your advice to management and commit to putting it into practice. We want our employees to know that they are truly valued and we will do everything possible to ensure their needs are met. Thank you again for your feedback and we hope for a chance to improve your experience in the future.
      2.0
      Mar 12, 2024

      If you want depression

      Modifications specialist
      Recommend
      CEO approval
      Business Outlook

      Pros

      They send you gifts, weekend bonuses

      Cons

      micromanaging, back to back calls, pressure to keep up, exhausting, low pay

      avatar
      PENNYMAC Response
      2y
      We are sorry to hear about your experience in our workplace. We assure you that it is never our intention to create a stressful work environment for any of our employees. However, we appreciate you sharing your feedback with us, as it allows us to improve and make necessary changes for the benefit of our team members. We want to emphasize that we value the well-being of our employees. We understand that everyone operates differently and have personalized needs, and we try our best to accommodate those needs while still accomplishing our business goals. Nevertheless, we are continually looking for ways to make our workplace more amenable, so employees can come to work feeling fulfilled and engaged. Our company aims to learn from past mistakes and find better solutions because of them. Thank you for taking the time to write this review, and we wish you the very best in your future endeavors. If you decide you want to express more, please feel free to email our team: employeerelations@pennymac.com"
      Viewing 214 - 216 of 1,562 Reviews
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      ReviewsPENNYMAC 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.