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
2.0
Jan 28, 2022

Overworked

Recommend
CEO approval
Business Outlook

Pros

Team manager and co-workers are great.

Cons

Benefits are not great. They make a big deal about insurance rates not increasing, but the annual deductible went up. Bereavement leave is in adequate. You get 3 days for a relative in state. 5 Days if they are out of state. Two weeks of pto for the first 5 years and after year five you get three weeks. This is inadequate as well. There are no annual raises. They expect a minimum of 50 hours a week. They are not flexible regarding working from home. They expect everyone to return to the office after Covid, even though many employees have spoken out about wanting to continue to work from home because of the many benefits it provides. Work itself is very chaotic and unorganized. It's often difficult to get assistance and they provide very little training. Upper management gives canned responses for legitimate questions. They don't care what the employees want.

1.0
Nov 11, 2021

Micromanaged

Recommend
CEO approval
Business Outlook

Pros

Pay was alright, not competitive with similar lenders but decent.

Cons

Constantly micromanaged, terrible systems, and no work life balance.

Viewing 253 - 255 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.