Squid Games! They hire too many LOs, and ask for a review on 1st week (weird), then fire everyone. No cap, half our starting team is gone in 8m. Wild!
PENNYMAC Response
8mo
We are sorry to hear about your experience in our workplace. We assure you that it is never our intention to create a stressful work environment for any of our employees. However, we appreciate you sharing your feedback with us, as it allows us to improve and make necessary changes for the benefit of our team members.
If you decide you want to express more, please feel free to email our team: employeerelations@pennymac.com
We would like to extend my sincere thanks for taking the time to share your thoughts and feedback about your experience with our company. We value all of our employees' feedback, and we appreciate your insights on the pros and cons of the company.
Our direct managers are a critical asset to our company, and we're glad to hear that you find them to be caring and supportive. We also understand that supportive coworkers and casual attire create a relaxed and pleasant working environment for our employees.
We'll take your feedback into careful consideration, and we'll make needed changes to ensure we're providing a realistic work environment for our loan officers.
We understand that some processes here can be frustrating to you, but rest assured that we're working hard to improve in that area.
At our company, we encourage our employees to be top producers by performing to the best of their abilities. Therefore, we'll examine the possibility of reducing micromanagement to boost productivity for all.
Lastly, thank you for your willingness to learn and grow. We believe that a strong team is a team that is constantly developing, and we hope you find value in the resources we offer to help you succeed in your role.
-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