Working at PennyMac | Glassdoor

PennyMac Overview

Westlake Village, CA
1001 to 5000 employees
2008
Company - Public
Lending
$500 million to $1 billion (USD) per year
PennyMac (NMLS #35953) is a top national mortgage lender. We are committed to providing our customers with a range of innovative solutions to help them purchase, refinance or simply remain in their homes. Whether you are new to the home loan process or experienced buyers ... Read more

Mission: Since its founding in 2008, PennyMac has sought to restore Americans’ trust in home ownership by improving the quality and consistency of the mortgage lending experience.

PennyMac – Why Work For Us?


Loan Officer

Are you ready to join a fast growing company that provides inbound mortgage leads? We’re looking for talented candidates to join our PennyMac family. If you’re passionate about the mortgage industry, self-motivating, and have a positive, competitive attitude with excellent communication skills, then you are ready to be PennyMac Loan Officer.

A Loan Officer operates as a key point of contact during the loan sales process—educating the borrower on products and helping them understand their full financial picture, in addition to initiating the loan, updating status and reviewing documents and disclosures.

View Openings

Are you interested in helping the next generation of homeowners fulfill their dream of home? At PennyMac, our commitment to our customers doesn’t end at closing. Our goal is to be a trusted financial partner that you can count on as long as you own your home.

Being one of the top direct mortgage lenders in the country means PennyMac can focus on the needs of its customers rather than maintaining a network of branches and banking products. We’re working every day to improve the experience of finding the right home loan for our customers’ unique needs and offering competitive rates on a wide range of products.

And we’re growing! PennyMac has more than doubled in size in recent years and currently serves more than a million happy homeowners. Are you ready to be part of our culture of innovation and service? 

PennyMac values our nation's veterans and is honored to count them among the employees that help drive our innovative mortgage solutions and unparalleled commitment to our customers.

Whether you have years of mortgage experience or are just beginning your mortgage industry career, we always welcome talented, motivated people. We’re making long-term investments in our talent -- our people are our greatest strength. PennyMac is proud to be an employer of choice and is committed to hiring, developing and advancing transitioning military, veterans and their families.

If you are transitioning from the military or if you are a veteran who would like to work for a great veteran-friendly organization that values your service, consider PennyMac.

PennyMac is recognized as a Military Friendly® Employer measured by our commitment, effort and success in creating sustainable and meaningful benefits for the military community.

Military Friendly®​ Employer

A cornerstone of PennyMac’s identity is our diversity. We are committed to fostering, cultivating and preserving a culture of diversity and inclusion. The collective sum of the individual differences, life experiences, knowledge, inventiveness, innovation, self expression, unique capabilities and talent that our employees invest in their work represents a significant part of not only our culture, but our reputation.

Find a job that fits YOU!

PennyMac welcomes enterprising students and grads looking to make that vital first step in their careers. Whether you’re looking for an introduction to the industry through one of our internship programs or a foundation for your career through a variety of entry-level position, PennyMac is a great destination for a curious mind.

Check out our Openings today!


PennyMac Reviews

3.3
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Recommend to a friend
Approve of CEO
PennyMac CEO David Spector
David Spector
43 Ratings
  • Helpful (4)

    "Wonderful Place to Work!"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at PennyMac full-time

    Pros

    The best decision I made when applied to this company! On-boarding is very smooth. My direct team is fantastic; everyone is super friendly and very helpful.

    The culture is great! There are some many PennyMac events, we all get to meet each other from different offices, departments and get to bring our family as well.
    Benefits are on point as well. Working at PennyMac allows me to spend more time with Family as well. Of course, everyone has those busy days occasionally, who doesn't?
    It is nice to work for a company that takes care of their employees.

    Cons

    I think PennyMac does not have a downside, it continues to improve and make the working experience to be spectacular for each employee with different programs!

    Advice to Management

    Keep it up!

See All 260 Reviews

PennyMac Photos

PennyMac photo of: PennyMac Headquarters
PennyMac photo of: Lakeview Campus
PennyMac photo of: PennyPantry
PennyMac photo of: Penny Pantry
PennyMac photo of: headquarters
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PennyMac Interviews

Experience

Experience
65%
23%
12%

Getting an Interview

Getting an Interview
39%
22%
15%
12
5
5
2

Difficulty

2.5
Average

Difficulty

Hard
Average
Easy
  1. Featured Interview

    Helpful (2)  

    Senior SQL Developer Interview

    Anonymous Employee in Moorpark, CA
    Accepted Offer
    Positive Experience
    Easy Interview

    Application

    I applied through a recruiter. The process took 1 day. I interviewed at PennyMac (Moorpark, CA).

    Interview

    My interview lasted several hours. At first I met with the hiring manager, who was very nice and asked me to review and comment on some code, go over some logical database design scenarios and review a scenario that he believed would be the upcoming project that I was being hired for. After him I met with some of the team members and their question were more of a “getting to know” you type. I also met with another manager, who asked some pretty odd questions. After that I was taken to another building and met with the Business Analyst I’d be working with and two of the users. I left the interview around 6:00 PM and got the call that I had the job by 10:00 AM the next day.

    Interview Questions

    • The hiring manager asked me some questions about relational vs. Star Schema. He also asked me to review some code and comment on it. I brought code samples with me and talked him though what I’d done and I think that really helped. The users mostly asked me what type of work I did and some general SQL questions, nothing too hard.   Answer Question
See All 44 Interviews

PennyMac Awards & Accolades

  • Top Military Friendly Employers, Military Friendly® Employer, 2017

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