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      PENNYMAC

      Engaged employer

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      What is the salary like at PENNYMAC?

      PENNYMAC reviews

      Great manager

      Senior software engineer
      Former contractor
      Los Angeles, CA
      Recommend
      CEO approval
      Business outlook

      Pros

      Good pay and good work life balance

      Cons

      Contract, which meant no benefits

      Unorganized

      Post closing specialist
      Former contractor
      Thousand Oaks, CA
      Recommend
      CEO approval
      Business outlook

      Pros

      Good to get your foot in the door in the mortgage industry

      Cons

      Unorganized, low pay and a lot of unnecessary work

      Solid Entry Level

      Product analyst
      Current employee
      Cary, NC
      Recommend
      CEO approval
      Business outlook

      Pros

      Good benefits, decent salary, get autonomy on certain teams

      Cons

      Fully in office, C-Suite doesn’t seem to connect with employees, sometimes leadership doesn’t listen to ideas from lower level employees. Horizontal career movement is hard.

      avatar
      PENNYMAC Response
      now
      We would like to extend our sincere thanks for taking the time to share your thoughts and feedback about your experience with our company. We value all of our employees' feedback, and we appreciate your insights on the pros and cons of the company. However, we're sorry to hear about the lack of upward mobility in the company. We'll take your suggestion of asking for feedback from employees into careful consideration, and we'll make needed changes to ensure we're providing a realistic work environment for our Analysts. We understand that some processes here can be frustrating to you, but rest assured that we're working hard to improve in that area. At our company, we encourage our employees to be top producers by performing to the best of their abilities. Therefore, we'll examine the possibility of reducing micromanagement to boost productivity for all. Lastly, thank you for your willingness to learn and grow. We believe that a strong team is a team that is constantly developing, and we hope you find value in the resources we offer to help you succeed in your role.

      Management is not the best

      Mortgage consultant
      Former employee
      Tampa, FL
      Recommend
      CEO approval
      Business outlook

      Pros

      Benefits, salary, and work from home options

      Cons

      The poor leadership on management

      1
      avatar
      PENNYMAC Response
      now
      Thank you for taking the time to write an honest review of your experience working at Pennymac. We are glad to hear that you found the set schedule and flexibility to be a positive aspect of your job. However, we are sorry to hear that overall it was not the best fit for you. Your feedback will be taken into consideration and used as a means for improvement in the future. Thank you for sharing your thoughts and insights with us.

      Great work

      Loan officer
      Current employee
      Recommend
      CEO approval
      Business outlook

      Pros

      great community great benefits and great pay

      Cons

      itcan be a bit much sometimes but rewarding

      avatar
      PENNYMAC Response
      now
      Thank you for taking the time to write an honest review of your experience working at Pennymac. Your feedback will be taken into consideration and used as a means for improvement in the future. Thank you for sharing your thoughts and insights with us.

      Great work

      Anonymous employee
      Current employee
      Recommend
      CEO approval
      Business outlook

      Pros

      Great team, clean office, decent pay

      Cons

      Stressful turnovers, lack of support from higher ups when problems happen with loans

      1
      avatar
      PENNYMAC Response
      now
      Thank you for taking the time to share your thoughts about your experience working with our company. We appreciate all forms of feedback, whether it be positive or negative as it allows us to improve and continue providing valuable services to our employees and clients.

      Great place to work!

      Mortgage underwriter
      Current employee
      Plano, TX
      Recommend
      CEO approval
      Business outlook

      Pros

      Great pay, great environment, and many different options to work up in the company

      Cons

      Depending on market fluctuations you never know if your position will remain.

      avatar
      PENNYMAC Response
      now
      We would like to extend our sincere thanks for taking the time to share your thoughts and feedback about your experience with our company. We value all of our employees' feedback, and we appreciate your insights on the pros and cons of the company. Lastly, thank you for your willingness to learn and grow. We believe that a strong team is a team that is constantly developing, and we hope you find value in the resources we offer to help you succeed in your role.

      Current Analytics Engineer

      Analytics engineer
      Current employee
      Westlake Village, Los Angeles, CA
      Recommend
      CEO approval
      Business outlook

      Pros

      The team members are friendly and supportive.

      Cons

      Pay is lower than average, and promotion opportunities are limited.

      1
      avatar
      PENNYMAC Response
      now
      Thank you for taking the time to share your thoughts about your experience working with our company. We appreciate all forms of feedback, whether it be positive or negative as it allows us to improve and continue providing valuable services to our employees and clients. We are glad to hear that you found the working environment to be beneficial for you. We take great pride in ensuring that our work environment is conducive to productivity and fosters a sense of community among our team members. We understand that compensation is an important factor in any employment decision, and we appreciate your feedback regarding this matter. We strive to provide fair compensation to all of our employees, and we regularly review our compensation policies to ensure that we remain competitive in the market. Thank you for your time and feedback.

      Don’t do it

      Anonymous employee
      Former employee
      Recommend
      CEO approval
      Business outlook

      Pros

      Great benefits and decent salary

      Cons

      Micro managing, terrible culture, liars

      2
      avatar
      PENNYMAC Response
      now
      Thank you for taking the time to share your thoughts and provide feedback as it helps us to evaluate and improve our work environment for all employees. We appreciate your feedback and we want to invite you to reach out directly to our human resources team at employeerelations@pennymac.com to discuss the policy and how it is executed. We must ensure compliance with state employment laws, however, we want to ensure there is understanding and fairness regarding the daily procedures. Please feel free to reach out to us directly at if you would like to provide more specific feedback or if you would like to connect with one of our human resources team members.

      Good Job

      Risk analyst
      Former employee
      Los Angeles, CA
      Recommend
      CEO approval
      Business outlook

      Pros

      not a bad place to be

      Cons

      a lot of work, and the pay is only decent