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
1.0
Nov 23, 2025
Recommend
CEO approval
Business Outlook

Pros

Good colleagues, easy to communicate and collaborate

Cons

No promote no refresh, management is disaster. You only got raise when you have a good relationship with your boss

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PENNYMAC Response
7mo
Thank you for taking the time to share your feedback about your experience with our company. We genuinely appreciate your honesty and are sorry to hear that you had a negative experience with our management. We understand the importance of work-life balance and the impact it has on our employees' overall well-being. We apologize if you felt that this was not prioritized during your time with us. We will take your feedback into consideration and work towards creating a better balance for our employees. Thank you again for sharing your thoughts with us. We genuinely value your feedback and will use it to improve our management practices and overall employee experience. If you wish further discussion, please email us at employeerelations@pnmac.com
1.0
Sep 20, 2025

Wizard of OZ

Recommend
CEO approval
Business Outlook

Pros

Stress, wrinkles and annoying managers

Cons

Working at PennyMac was a highly discouraging experience. The culture is heavily micromanaged, leaving little room for trust or autonomy. Compensation is below industry standards, and the workload is consistently overwhelming due to chronic understaffing. Employees are expected to take on far more than is reasonable, which quickly leads to burnout and frustration. Opportunities for career growth are minimal, and employee well-being doesn’t seem to be a priority. Overall, PennyMac places too much emphasis on control and output, while failing to invest in its people. I would not recommend this company to anyone seeking fair pay, balance, or a supportive environment.

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PENNYMAC Response
9mo
We are sorry to hear about your experience in our workplace. We assure you that it is never our intention to create a stressful work environment for any of our employees. However, we appreciate you sharing your feedback with us, as it allows us to improve and make necessary changes for the benefit of our team members. We want to emphasize that we value the well-being of our employees. We understand that everyone operates differently and have personalized needs, and we try our best to accommodate those needs while still accomplishing our business goals. Nevertheless, we are continually looking for ways to make our workplace more amenable, so employees can come to work feeling fulfilled and engaged. Our company aims to learn from past mistakes and find better solutions because of them. Thank you for taking the time to write this review, and we wish you the very best in your future endeavors. If you decide you want to express more, please feel free to email our team: employeerelations@pennymac.com
1.0
Sep 11, 2025
Recommend
CEO approval
Business Outlook

Pros

One manager at the site level genuinely cared and tried to support their team. Talented coworkers who do their best despite the environment. Strong name recognition.

Cons

This is not just a “high-pressure sales job.” It’s a culture built on fear, intimidation, and exhaustion. The division prioritizes metrics over people, and it shows in every aspect of the employee experience. Fear Over Feedback: Speaking up is dangerous. Employees who voice concerns are quickly labeled as negative or a “problem.” HR is not a safe option, and feedback sessions are tightly controlled to avoid real criticism. Unrealistic Metrics: Success is measured by spreadsheets, not actual effort or customer experience. Performance standards are punishing and often based on factors outside employees’ control. Call Distribution Games: Leads are not distributed evenly. Some get better calls while others are left with recycled, low-quality prospects—yet everyone is held to the same national targets. The system is fundamentally unfair. Health Toll: The stress here is extreme. Employees report anxiety, burnout, sleeplessness, and the feeling that work consumes their lives. The lack of acknowledgment from leadership only deepens the damage. Revolving Door: Turnover is constant. People leave burned out and disillusioned. Many return briefly out of necessity, only to leave again once they find something healthier.

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PENNYMAC Response
9mo
We are sorry to hear about your experience in our workplace. We assure you that it is never our intention to create a stressful work environment for any of our employees. However, we appreciate you sharing your feedback with us, as it allows us to improve and make necessary changes for the benefit of our team members. We want to emphasize that we value the well-being of our employees. We understand that everyone operates differently and have personalized needs, We try our best to accommodate those needs while still accomplishing our business goals. Nevertheless, we are continually looking for ways to make our workplace more amenable so employees can come to work feeling fulfilled and engaged. Our company aims to learn from past mistakes and find better solutions because of them. Thank you for taking the time to write this review, and we wish you the very best in your future endeavors. If you decide you want to express more, please feel free to email our team: employeerelations@pennymac.com"
Viewing 286 - 288 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.