Bullies and hypocrites, DO NOT WORK FOR THEM, rather collect unemployment benefits than to work for those people - Anonymous employee PENNYMAC Employee Review

1.0
Jun 19, 2015
Anonymous employee
Recommend
CEO approval
Business outlook

Pros

no pros, no reason to work for them, nothing, nada

Cons

Very poor management starting from supervisors all the way up to executives. Full of bullies, couple of young bullies who need to impress the senior bullies, no help from HR, many extra work hours with no overtime pay or equivalent PTO, so called VPs that don't have the basics of management, no intellectual skills, no respect for employees, they lie during the hiring interviews, inappropriate comments made to employees, use of illegal substances. DO NOT use their apps on your personal devices (phone, laptop, PC etc) if it happens to work for them

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5.0
Feb 23, 2026
Anonymous contractor
Recommend
CEO approval
Business outlook

Pros

good opportunity and meeting good people

Cons

nothing is there to say

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PENNYMAC Response
3mo
Thank you for taking the time to provide your honest feedback about your experience with our company. We are delighted to hear that you enjoyed working with us in your capacity and appreciated the friendly work surroundings. Indeed, we believe that a positive work/life culture is a crucial aspect of any successful business, and we are glad that you recognized our efforts in this regard. Thank you for being a part of our team and we look forward to continuing our positive working relationship with you.
2.0
Jun 17, 2026
Recommend
CEO approval
Business outlook

Pros

Training was always provided and you were never rushed to learn. Snacks were given on a daily basis. You had a Penny Pantry in the building that offered free coffee/Soda and a variety of food selections at a resonable price.

Cons

Low paying position at $22.00 an hour to start with no increases. The department couldnt find other Loan Specialist for the longest time and then increased the position to $27.oo an hour in an effort to attract more people. Four of the employees that were already there for a few years in the department were allowed to work remotely on Thursdays and Fridays, every new Employee had to work on site. Bonus was paid a month and a week after the quarter, so March's bonus was given to you on May 7! Human Resources lied and was extremely unprofessional, when challenged they offered no response or made up false information. My recommendation after being rehired and resigned, is to run in the opposite direction, and dont look back.

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