Is PENNYMAC a good company to work for?

PENNYMAC has an overall rating of 3.1 out of 5, based on over 1,671 reviews left anonymously by employees. This rating has decreased by 2% over the last 12 months. 48% of employees would recommend working at PENNYMAC to a friend and 49% have a positive outlook for the business. The best reviews about PENNYMAC have been left by employees working as Supervisor , Sales Manager and Loan Counselor .

Does PENNYMAC pay their employees well?

According to anonymously submitted Glassdoor reviews, PENNYMAC employees rate their compensation and benefits as 3.1 out of 5. Find out more about salaries and benefits at PENNYMAC. This rating has been stable over the past 12 months.

How satisfied are employees working at PENNYMAC?

48% of PENNYMAC employees would recommend working there to a friend based on Glassdoor reviews . Employees also rated PENNYMAC 3.0 out of 5 for work life balance, 3.3 for culture and values and 3.0 for career opportunities.

What are the top reviewed jobs at PENNYMAC?

Loan Officer (122) , Mortgage Loan Officer (103) , Home Loan Specialist (63) , Customer Service Representative (58) , Home Loan Specialist I (40) , Home Loan Specialist II (36) , Analyst (32) , Loan Processor (30) , Business Analyst (27) , Vice President (18) , Mortgage Underwriter (17) , Manager (16) , Sales Manager (16) , Financial Analyst (14) , Customer Service Representative (CSR) (13)

What are the pros of working at PENNYMAC according to real employee reviews?

"Great people and move quickly as compared to the larger institutions" ((in 115 reviews)); "Pay is good and plentiful if you can live through the first year" ((in 103 reviews)); "There are good benefits when it comes to medical and 401k" ((in 59 reviews)); "I have been with the company for several years now and can say that PennyMac has a great culture." ((in 52 reviews)); "Currently have the option to work from home" ((in 38 reviews))

What are the cons of working at PENNYMAC according to real employee reviews?

"This is because of the poor management spearheaded by the site lead who proceeded to mismanage the site from the moment I was there." ((in 104 reviews)); "Virtually no work life balance" ((in 50 reviews)); "No training and lack of assistance" ((in 49 reviews)); "Some managers are good but not enough of them to make up for the bad ones." ((in 46 reviews)); "No bonuses to anyone that isn't in management." ((in 28 reviews))

What are employees saying about PENNYMAC layoffs in 2026?

Explore Glassdoor’s employee reviews to understand what current and former employees are saying about PENNYMAC layoffs and their outlook for job security at PENNYMAC in 2026.

What PENNYMAC locations have received the highest employee ratings?

Nashville , Roseville , Westlake Village , Westlake

PENNYMAC reviews

3.1

48% would recommend to a friend

(1,556 total reviews)

David Spector

55% approve of CEO

49% positive business outlook

Ratings by category

3.8

Diversity & inclusion

3.3

Culture & values

3.1

Compensation and benefits

3.0

Work/Life balance

3.0

Career opportunities

2.9

Senior management

PENNYMAC has an employee rating of 3.1 out of 5 stars, based on 1,556 company reviews on Glassdoor which indicates that most employees have a good working experience there. The PENNYMAC employee rating is in line with the average (within 1 standard deviation) for employers within the Financial Services industry (3.7 stars).

Ratings by demographic groups

Race / Ethnicity

Gender

Sexual orientation

Disability

Parent or family caregiver

Veteran status

Reviews by job title

2K reviews

5.0

Apr 21, 2026

recommend to work

Senior developer

Recommend

CEO approval

Business Outlook

Pros

A lot to learn; colleagues are nice

Cons

fast pace working environment; tight-timeline

PENNYMAC Response

1mo

We're delighted to hear that you enjoyed working with our team at Pennymac. We strive to create an environment that fosters growth, collaboration and transparency. It's heartening to know that you felt you were trained well and enjoyed your work. At Pennymac, we value all our employees and aim to provide them with growth opportunities. While we acknowledge the limitations that some roles may have, we're constantly striving to improve and enhance our employee development programs. Thank you for your willingness to learn and grow with us. We appreciate your contribution to our team.

2.0

Jun 7, 2026

Quick experience gained, but poor management support

Pcu analyst

Recommend

CEO approval

Business Outlook

Pros

Lot of experience very quickly

Cons

Management is degenerate and does not teach you anything

PENNYMAC Response

1d

Thank you for taking the time to share your feedback and for your year of service with our team in Carrollton. We are glad to hear that you have been able to gain a significant amount of valuable industry experience quickly during your time with us. We take your comments regarding management support very seriously. Our goal is to foster an environment where every employee feels guided, supported, and equipped with the tools they need to succeed. We are actively working on continuous leadership training to ensure our management teams are deeply connected to the daily workflows of their associates. We would appreciate the opportunity to learn more about your specific experience and discuss how we can better support you. Please feel free to reach out to our HR Connect team directly so we can connect you with an HR partner for a confidential conversation. Thank you again for helping us identify areas where we can grow.

1.0

Jun 2, 2026

AWFUL

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

Viewing 1 - 3 of 1,556 Reviews

Jobs at PENNYMAC

Administrative Assistant

Foreclosure Document Specialist

Frontend Engineer - AI Platform

PENNYMAC

PENNYMAC reviews

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recommend to work

Quick experience gained, but poor management support

AWFUL

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