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.

Company Updates

  • Candidates interested in attending our career fair on February 20 and meeting with hiring
    managers must apply online: http://glassdoor.com/slink.htm?key=vQZVL

    We’re looking to fill a variety of positions:

    Customer Service Representatives
    Customer Service Call Center Management
    Collections Loan Counselors
    Collections Call Center Campaign Administrators

    PennyMac Loan Services - National Home Mortgage Lender

    PennyMac is an equal opportunity employer. PennyMac values diversity and is committed to creating an inclusive environment for all employees.

  • Candidates interested in attending our career fair and meeting with hiring managers must apply online: http://glassdoor.com/slink.htm?key=vQ3D4

    We're looking to fill a variety of positions:

    Customer Service Representatives
    Customer Service Call Center Management
    Loan Officers
    Collections Loan Counselors
    Collections Call Center Campaign Administrators

    PennyMac Loan Services - National Home Mortgage Lender

    PennyMac is an equal opportunity employer. PennyMac values diversity and is committed to creating an inclusive environment for all employees.

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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
StarStarStarStarStar
Rating TrendsRating Trends
Recommend to a friend
Approve of CEO
PennyMac CEO David Spector
David Spector
51 Ratings
  • Helpful (5)

    "Great Place to Work"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - FVP, Regulatory Relations in Moorpark, CA
    Current Employee - FVP, Regulatory Relations in Moorpark, CA
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at PennyMac full-time (More than 8 years)

    Pros

    PennyMac offers very competitive salaries with 401K match and excellent benefits. The facilities are all extremely nice, most with on-site cafeterias providing gourmet food options. There are amazing Facilities staff and Information Technology staff. Senior Leadership is very ethical and approachable. I am very proud to say I work here.

    Cons

    Dress code is still Business Casual in most locations, even though many competitors and regulating entities are casual.

    Advice to Management

    Explore options with allowing casual dress where employees donate $1 per day to the charity of their choice to allow them to dress casual. This is done at other large corporations and works well.

See All 274 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
64%
23%
13%

Getting an Interview

Getting an Interview
39%
21%
14%
12
7
5
2

Difficulty

2.6
Average

Difficulty

Hard
Average
Easy
  1. Featured Interview

    Helpful (4)  

    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 48 Interviews

PennyMac Awards & Accolades

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

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