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      PENNYMAC

      Engaged employer

      PENNYMAC reviews

      Low Compensation - Loan Counselor III PENNYMAC Employee Review

      2.0
      18 Jun 2024
      Loan counselor iii
      Recommend
      CEO approval
      Business outlook

      Pros

      Family oriented. Great benefits for mothers and new fathers. Very team based.

      Cons

      CEO/Executives - do not want to pay their employees appropriately. You will be overworked. You will be paid under the average salaries of your peers with other companies. They do jot plan on giving raises when annual reviews are completed. They do not share the profit sharing’s, end of year bonus is not a thing here. The use their Penny Pantry as a way of an incentive for having to be fully on site. The CEO hates Work from home models and currently in the process of eliminating this. The CEO and executives prefer to eliminate departments instead of giving justified pay raises for the work load presented. Growth is not a priority with PENNYMAC.

      Explore other reviews about PENNYMAC

      5.0
      31 Aug 2025
      Analyst
      Recommend
      CEO approval
      Business outlook

      Pros

      good management fun environment room to excel

      Cons

      pay was very low for current market

      avatar
      PENNYMAC Response
      7mo
      Thank you for taking the time to provide your feedback on your experience. We appreciate your willingness to share your thoughts and concerns. We constantly review our compensation packages to ensure they remain competitive within the industry. However, we will take your feedback into consideration and evaluate any potential adjustments that may be necessary. Your feedback is valuable to us as we strive to create a positive and rewarding work environment for all our employees. If you have any further suggestions or concerns, please do not hesitate to reach out to us. Thank you once again for your feedback.
      1.0
      2 Jun 2026
      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

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