I applied online. The process took 2 weeks. I interviewed at PENNYMAC (Pasadena, CA) in Mar 2018
Interview
Laughable compensation plan. $350 per funded loan IF you fund a certain number of loans. Heavily overstaffed as is, was told by management that processing is overwhelmed. They want noobies with no experience so they dont realize they arent making any money.
Interview questions [1]
Question 1
Standard mortgage stuff.. They try to make it seem like you are applying at NASA.
They ask you questions on experience as a loan officer and different products and communication skills. It's a panel interview with a few people and they're very friendly and ask you about your overall experience.
Describe your interest in the company, your experience in college what you studied, talk about yourself and your interest in the career laid out for you, how you face adversity and how much you like challenges
I applied through university. The process took 2 weeks. I interviewed at PENNYMAC (Pasadena, CA) in Jan 2022
Interview
3-4 stages, final interview with 4-5 senior company managers/executives. Didnt care I didnt know what a mortgage was lol. Personality assessment was the worst part. They sent two offers to me so that was a little worrisome but it turned out alright in the end.
Interview questions [1]
Question 1
How familiar are you with mortgages/the mortgage industry?