Dead end job - Felt Like A Grunt PENNYMAC Employee Review

1.0
4 Aug 2016
Recommend
CEO approval
Business outlook

Pros

They make you pay $20 a month to wear jeans to work. I guess the only pro is that they donate that money to a charity.

Cons

No career advancement. And when the do offer any type of new position it's always a lateral move. There is no bonus or annual raise payout. Worked with a guy who has been there over 3 years and has never gotten a raise. He's a top performer too. This company is where careers go to die. They will tell you everything you want to hear to get you in, but then you're trapped. I never realized how much I hated this place until I wasn't there anymore. Ran by all the old Countrywide execs. All they care about is how much you can help them line their pockets, all the while pushing you for more and more production. Just a glorified sweatshop. Good riddance!!!!

Explore other reviews about PENNYMAC

5.0
18 Nov 2025
Recommend
CEO approval
Business outlook

Pros

Amazing people and great culture

Cons

My drive to work is long but its is a great place to work so it is worth the drive.

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PENNYMAC Response
6mo
Thank you for taking the time to share your thoughts on our company. We appreciate your honest feedback along with the pros and cons you mentioned. Our company values open communication, and we take your advice seriously. We will continue to listen to our employees' feedback and work towards improving our communication channels. Once again, thank you for your honest feedback, and we look forward to continuing to learn and grow with you.
1.0
31 May 2026
Recommend
CEO approval
Business outlook

Pros

Snacks and you can wear jeans.

Cons

LOW PAY even if you have 20 years of experience and educated. Location. Commute. NO Hybrid options at all unless you came during a specific time period of the company or if you are a manager. If you are an African American be aware that you will be micromanaged more than anyone else. Benefits are expensive and unaffordable.

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