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      PENNYMAC

      Engaged employer

      PENNYMAC Reviews

      3.0

      44% would recommend to a friend

      (1,560 total reviews)
      avatar

      David Spector

      51% approve of CEO

      46% positive business outlook

      Ratings by demographic groups

      PENNYMAC has an employee rating of 3.0 out of 5 stars, based on 1,560 company reviews on Glassdoor which indicates that most employees have an average working experience there. The PENNYMAC employee rating is in line with the average (within 1 standard deviation) for employers within the Finance industry (3.7 stars).

      Reviews by job title

      2K reviews
      5.0
      22 Dec 2021

      Amazing Career Growth!

      First vice president
      Recommend
      CEO approval
      Business outlook

      Pros

      PennyMac is a true meritocracy where your efforts are rewarded. I started as a loan officer and worked my way up to the position I have today, which is FVP/Regional Sales Leader. Much has changed in the mortgage industry and at PennyMac, but what has not changed is the company's strong leadership and commitment to their employees.

      Cons

      You will work hard, but the payoff is worth it.

      5.0
      11 Apr 2019

      Loan Officer at PennyMac

      Loan officer
      Recommend
      CEO approval
      Business outlook

      Pros

      Heavy amount of warm inbound leads every day that come straight from a very large portfolio of current customers. There are so many leads it's almost a problem trying to deal with them all. I have not made one cold call in my career here. Compensation is strong with most loan officers making well over 6 figures. Top guys can make $200k+/yr. They promote almost exclusively from within the company if you are looking for career advancement.

      Cons

      Call center environment with heavy focus on metrics. Systems are sluggish and the technology needs some love. Work/life balance can be tough sometimes with long hours.

      2.0
      6 Dec 2017

      Beware of fake positive reviews

      Analyst
      Recommend
      CEO approval
      Business outlook

      Pros

      As a current employee I am appalled but not surprised by the influx of positive reviews posted on here. It should raise a red flag to anyone considering joining this company that the majority of reviews posted before November 2017 are negative and somehow everyone started talking about how much they love this place in November. Huh either this is a HR tactic to purposefully raise the overall score or this is one hell of a coincidence.

      Cons

      Too many old folks should retire already yet they’re taking up spots and making it impossible for younger and more talented people to advance and make real contributions.

      Viewing 1 - 3 of 1,560 Reviews
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      ReviewsPENNYMAC reviews

      Glassdoor has 1,675 PENNYMAC reviews submitted anonymously by PENNYMAC employees. Read employee reviews and ratings on Glassdoor to decide if PENNYMAC is right for you.