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      PENNYMAC

      Engaged Employer

      PENNYMAC reviews

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      3.1

      49% would recommend to a friend

      (1,555 total reviews)
      avatar

      David Spector

      57% approve of CEO

      50% positive business outlook

      Ratings by category

      3.9

      Diversity & inclusion

      3.3

      Culture & values

      3.1

      Work/Life balance

      3.1

      Compensation and benefits

      3.0

      Senior management

      3.0

      Career opportunities

      PENNYMAC has an employee rating of 3.1 out of 5 stars, based on 1,555 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

      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

      avatar
      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.
      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

      1.0
      May 31, 2026

      Low Pay. Location.

      Mortgage closer
      Recommend
      CEO approval
      Business Outlook

      Pros

      Snacks and you can wear jeans.

      Cons

      LOW PAY even if you have 20 years of experience and educated. Location. Commute. NO Hybrid options at all unless you came during a specific time period of the company or if you are a manager. If you are an African American be aware that you will be micromanaged more than anyone else. Benefits are expensive and unaffordable.

      Viewing 1 - 3 of 1,555 Reviews
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      ReviewsPENNYMAC reviews

      Glassdoor has 1,670 PENNYMAC reviews submitted anonymously by PENNYMAC employees. Read employee reviews and ratings on Glassdoor to decide if PENNYMAC is right for you.