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      PENNYMAC

      Engaged employer

      PENNYMAC reviews

      Company culture is terrible - Anonymous employee PENNYMAC Employee Review

      2.0
      11 Mar 2016
      Anonymous employee
      Recommend
      CEO approval
      Business outlook

      Pros

      1. The company has a great cafeteria at the corporate headquarters in Moorpark. Seriously, that's the best thing about the company. 2. The company now has several sites, so if Moorpark isn't doable, one of the other locations might work for you. 3. Prior to working at PennyMac, I worked at Bank of America in the same position. PennyMac paid about 30% more than the bank.

      Cons

      PennyMac's company culture is terrible. Employee morale is generally awful. If you're fortunate enough to have a good manager, that helps. But overall, people aren't happy to be working there. There is no such thing as work-life balance. Perhaps senior managers enjoy work-life balance, but even that is doubtful.

      Explore other reviews about PENNYMAC

      5.0
      18 Nov 2025
      Administrative
      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.

      avatar
      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
      2 Jun 2026
      Loan officer
      Recommend
      CEO approval
      Business outlook

      Pros

      Good team and good cafeteria

      Cons

      -micromanagement heaven -you want a promotion? Too bad a DEI hire from outside the company is going to take it instead -they love pulling the rug from under you with a new comp plan “to match industry standards”. -they treat their processors like they’re kids in a sweat shop so the processors have no incentive to care about your file (they give them peanuts as a quarterly bonus) -they have RCT spies to watch everything you do and snitch to your manager/ set your lunches / decide if your time is approved -they act like it’s the best place to work but it’s absolutely not

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