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      PENNYMAC

      Engaged Employer

      PENNYMAC reviews

      3.0

      46% would recommend to a friend

      (1,564 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 1,564 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
      1.0
      Mar 25, 2022

      Disloyal, Cheap, Terrible Leadership

      Anonymous employee
      Recommend
      CEO approval
      Business Outlook

      Pros

      Can get hired with no experience

      Cons

      1. No Training 2. No Diversity in leadership 3. Sweatshop (that's why they have laid off hundreds of Americans and choose to keep hundreds of non american's in their place). 4. No opportunity to advance unless you are in the "favored" offices 5. No pay raises no matter how hard you work 6. Unorganized 7. Hiring associates with little to NO mortgage experience so takes too long to process a refinance and purchase. 8. Terrible leadership, condescending, no compassion 9. Expensive benefits 10. Little pay

      3.0
      Mar 24, 2022

      Work Summary

      Home loan specialist ii
      Recommend
      CEO approval
      Business Outlook

      Pros

      Good Pay - Remote - Equipment Provided

      Cons

      Extreme Micromanaging - Lack of communication from top to bottom - Mass Layoffs

      2.0
      Mar 23, 2022

      Not worth it

      Home loan specialist ii
      Recommend
      CEO approval
      Business Outlook

      Pros

      Quarterly bonuses. Temporary working from home during the pandemic.

      Cons

      They do not give raises and their training is lacking. They want you to work your life away for the company.

      Viewing 247 - 249 of 1,564 Reviews
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      ReviewsPENNYMAC 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.