PENNYMAC reviews

3.0

46% would recommend to a friend

(1,564 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 1,564 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
3.0
Dec 1, 2022
Recommend
CEO approval
Business Outlook

Pros

- Fun co-workers - Not very stressful of a position - Supervisors are nice and have your best interest in mind but their hands are tied when it comes to making decisions on raises/comp etc.

Cons

- Very little opportunity to move up positions - No raises, unless promoted to a Senior or Supervisor level and even then the raises are laughable and make little impact - If you stay in the same role year after year you will be getting paid the same amount as when you started (I have co-workers who are paid less than me and they have been working there 10 years, but since they give no raises based on tenure you will literally become a lower cost to the company as you work there....does that make any sense?)

1.0
Sep 27, 2022

Not a good place to work.

Recommend
CEO approval
Business Outlook

Pros

I was able to work remote

Cons

Too many people want to shine and claim glory off of the work of others. Management was pushing us hard for their personal gains. Lots of infighting behind the scenes.

Viewing 232 - 234 of 1,564 Reviews

Glassdoor has 1,680 PENNYMAC reviews submitted anonymously by PENNYMAC employees. Read employee reviews and ratings on Glassdoor to decide if PENNYMAC is right for you.