Connected team, but low pay and slow growth - Anonymous employee PENNYMAC Employee Review

3.0
22 May 2026
Anonymous employee
Recommend
CEO approval
Business outlook

Pros

The team is very connected

Cons

Low pay and slow growth

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PENNYMAC Response
1w
Thank you for taking the time to share your thoughts and provide feedback about your experience working at Pennymac. We are delighted to hear that you have found our team to be so connected—fostering a supportive, collaborative environment is a crucial aspect of our culture, and we are glad this is reflected in your daily work. We understand feeling disappointed regarding compensation and the pace of career growth. We have been growing our total rewards package (tuition reimbursement, charitable and volunteer matching programs, wellness programs, and increased paid time off) to continue to increase the value we provide our employees in this very competitive environment. As an organization, we are committed to building an inclusive work environment where our people can grow their careers and directly contribute to the growth of the company. Our commitment does not mean we are perfect, but it does mean that we are diligently striving to do better. If you ever wish to share more specific feedback or connect with a member of our team, please feel free to reach out to us at employeerelations@pennymac.com. Thank you for being a part of our journey to excellence!

Explore other reviews about PENNYMAC

5.0
18 Nov 2025
Recommend
CEO approval
Business outlook

Pros

Amazing people and great culture

Cons

My drive to work is long but its is a great place to work so it is worth the drive.

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PENNYMAC Response
6mo
Thank you for taking the time to share your thoughts on our company. We appreciate your honest feedback along with the pros and cons you mentioned. Our company values open communication, and we take your advice seriously. We will continue to listen to our employees' feedback and work towards improving our communication channels. Once again, thank you for your honest feedback, and we look forward to continuing to learn and grow with you.
1.0
2 Jun 2026
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

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