PennyMac Reviews | Glassdoor

PennyMac Reviews

Updated September 25, 2018
246 reviews

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3.3
StarStarStarStarStar
Rating TrendsRating Trends
Recommend to a friend
Approve of CEO
PennyMac CEO David Spector
David Spector
43 Ratings

246 Employee Reviews

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Pros
  • "There are a lot of great people that are willing to show you the steps to grow your career in the Mortgage and Loan industry" (in 12 reviews)

  • "Growing company with opportunity to advance your career" (in 8 reviews)

Cons
  • "It would benefit employees to have a bit more work-life balance and/or the ability to work remotely" (in 13 reviews)

  • "There really is no downside working at PennyMac, such a great company and there is room for growth" (in 6 reviews)

More Pros and Cons

  1. Helpful (2)

    "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!


  2. Helpful (1)

    "Its a good company for experience"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - IT
    Current Employee - IT
    Recommends
    Neutral Outlook
    No opinion of CEO

    I have been working at PennyMac full-time

    Pros

    Within IT you get to use newer technology and some teams gets off site training.
    The company is relax compared to some corporate settings

    Cons

    Management is poorly trained and seem unmotivated.
    getting raises are tough and when you do you are put on a plan that will increase your salary every quarter instead of just setting your base salary

    Advice to Management

    Pay the employees what they're are worth and listen to their comments and surveys the company always asks for . The company can be a very enjoyable place to work at if management would appreciate their employees more

  3. Helpful (1)

    "Specialist"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Specialist
    Former Employee - Specialist
    Doesn't Recommend
    Positive Outlook
    Disapproves of CEO

    I worked at PennyMac full-time (More than a year)

    Pros

    Friendly people to work with minus management.

    Cons

    No growth, no feedback, no opportunities.

    Advice to Management

    Wake up?


  4. Helpful (3)

    "Tech Lagging"

    StarStarStarStarStar
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

    I have been working at PennyMac full-time

    Pros

    Great people to work with
    tries to promote culture in work place

    Cons

    Cheap on technology
    lack of flexible work arrangements unless for projects (outside of normal work hours)
    base services (gym, cafeteria) not offered in all locations
    vacation / sick is very basic

    Advice to Management

    spend a little more on employees and Continuing education to attract and keep talant


  5. Helpful (2)

    "Not great Insurance"

    StarStarStarStarStar
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at PennyMac full-time

    Pros

    Great co-workers and everyone is really friendly.

    Cons

    They don't offer HMO insurance and salary increases are very rare.


  6. Helpful (1)

    "Growing Company"

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

    I have been working at PennyMac full-time

    Pros

    Good management; great group of people;

    Cons

    inconsistent bonus program; promotions without increase in pay


  7. "Good Company"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee in Westlake Village, Los Angeles, CA
    Current Employee - Anonymous Employee in Westlake Village, Los Angeles, CA

    I have been working at PennyMac full-time (More than a year)

    Pros

    Great Pay and a lot of learning

    Cons

    Politics and too much process slowing down productivity

    Advice to Management

    No Advise

  8. "Mortgage Loan Documents"

    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 part-time

    Pros

    Working with a diversity group of Pennymac employees and management

    Cons

    360 traffic near work place


  9. "Experience in Servicing"

    StarStarStarStarStar
    Current Employee - Anonymous Employee in Fort Worth, TX
    Current Employee - Anonymous Employee in Fort Worth, TX

    I have been working at PennyMac full-time (More than 3 years)

    Pros

    The staff is quite friendly and are welcoming to first time employees and newcomers. the sense of community is very high and you definitely feel part of a family when you work here. We are growing and the company is seeing the benefits. We have programs that allow the staff to be recognized for their hard work and I think that is good because people tend to respond more positively to rewards and positive recognition.

    Cons

    Things used to get backed up and it could sometimes be very stressful, however growing pains like that are common for a small company. And honestly due to new procedures and increased staff, work doesn't stack up the way it used to.


  10. "Great working environment"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Support in Fort Worth, TX
    Current Employee - Support in Fort Worth, TX
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at PennyMac part-time (Less than a year)

    Pros

    Fun, casual, lenient, flexible schedule great learning experience.

    Cons

    Some jobs may be tedious, but rewarding.


Showing 246 of 259 reviews
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