PENNYMAC reviews

3.0

46% would recommend to a friend

(1,562 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 1,562 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
Feb 19, 2024

Horrible Company/Management

Recommend
CEO approval
Business Outlook

Pros

Please run, don't walk. Stay away from this place.

Cons

This is easily one of the worst companies I have ever had the displeasure of working for. 0 Raises. They'll make up some BS like "Oh our budget only allows for this and this, but not this. If you want a raise, you'll have to go above and beyond and do things outside of your pay grade to receive it". I had this job because I need money, not because I need to break my back (metaphorically) being overworked. Management has absolutely 0 concept of actual managing. They not only lack people skills, but they lack the ability to do what their title entails, manage. I understand micromanaging comes with the territory, but that's not the issue. Nobody is ever on the same page. Constant disagreements on how to do something. Only for them to come back and change their answer again, and again, and again. Additionally, they have a toxic mindset and constantly threaten our job. They tell us to "change our mindset" when we are telling them we're overworked. Heaven forbid you have a complaint. "Deal with it" is the typical response. They have the whole, "it's my way or the highway' approach. Look at the decline in reviews. There's a reason. Please stay far, far away.

1.0
Feb 16, 2024
Recommend
CEO approval
Business Outlook

Pros

Reallllly need this to get

Cons

Maybe you should just take

3.0
Feb 12, 2024
Recommend
CEO approval
Business Outlook

Pros

Learn new technology in market. Get greater insights on Loan origination

Cons

Company stopped wfh Pay is not increasing Lot & lots of layoffs

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PENNYMAC Response
2y
Thank you for taking the time to provide your feedback on your experience. We appreciate your willingness to share your thoughts and concerns. We understand that transitioning away from remote work can be challenging and may have implications for our employees. Our decision to modify our remote work policy was not taken lightly and was made after careful consideration of various factors, including the evolving needs of our business, team collaboration requirements, and our commitment to maintaining a vibrant company culture. In terms of compensation, we understand your frustration and we apologize if you feel that the pay does not reflect your hard work. We constantly review our compensation packages to ensure they remain competitive within the industry. However, we will take your feedback into consideration and evaluate any potential adjustments that may be necessary. Thank you once again for your feedback.
Viewing 229 - 231 of 1,562 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.