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

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
5.0
May 11, 2020
Recommend
CEO approval
Business Outlook

Pros

-Income: one of the most generous compensation plans I've seen in the industry with a mix of base and bonus pay -Promotional Opportunities: If you work hard and excel at your position it will not go unnoticed. I am living example and was promoted within 3 months of my start date. - Intelligent and Ethical Leadership Staff: Some of the sharpest minds in the industry and decisions are universally made compliantly and ethically -Customer base: PennyMac has a massive and loyal customer base. From a sales perspective it makes customer retention warm and simple and customer acquisition attractive. Company Culture: Positive, Fun, and competitive work environment.

Cons

Every job presents daily challenges but this is a place I truly love working and enjoy coming to work every day.

2.0
Jul 8, 2019
Recommend
CEO approval
Business Outlook

Pros

The company will be around a while if you're seeking employment for the long term.

Cons

The company is a reasonably well run, but its management theories are back in the 60-70's. Benefits, such as vacation are not up today's standards. Hard to move up unless you're willing to give up your life.

2.0
Jun 27, 2019

Culture

Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

Rapidly Growing company and opportunities to do bigger better things . Willing to invest in technology and support growth.

Cons

Terrible benefits ie PTO / 401k. Smaller company and has extremely outdated processes and are stuck in their ways of working. Hardly any collaboration between IT and Business . Company says they are agile but they are not . IT is agile but Business is not . Constant power struggle to the extent that its detrimental to the growth of bright individuals.

Viewing 262 - 264 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.