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      PENNYMAC

      Engaged employer

      PENNYMAC reviews

      Untrustworthy Organization - First VP%2C Mortgage Finance PENNYMAC Employee Review

      1.0
      14 Aug 2025
      First vp%2c mortgage finance
      Recommend
      CEO approval
      Business outlook

      Pros

      Excellent pay, they are at the center of the correspondent secondary markets and are well positioned and well capitalized. You can learn a ton and get great experience.

      Cons

      Hyper political environment, some of the worst aspects of the old Countrywide culture. If you aren't personally aligned with the right senior execs, you can get laid off in an instant. Very little loyalty, litany of carnage of VPs to EVPs who were screwed over but then given a pay off to sign non-disparagement agreements. If you get an offer from them, ask for a guaranteed severance package. If they won't provide it, don't accept the offer.

      avatar
      PENNYMAC Response
      8mo
      We wanted to take the time to respond to your review. It seems your experience was frustrating and left you with a bad feeling. Although it is not the norm, we understand it was your experience. I would like to encourage you to reach out to us directly employeerelations@pennymac.com so that we can understand more about your situation. Even if we cannot change the past we can influence the future. 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.

      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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