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      PENNYMAC

      Engaged employer

      PENNYMAC reviews

      Stomping Grounds - IT Manager PENNYMAC Employee Review

      4.0
      Aug 29, 2025
      It manager
      Recommend
      CEO approval
      Business outlook

      Pros

      Exposure to everything. You will learn to deal with adversity and grow from it. Consider your tenure here as an AP class in office politics. Remember that the brain trust is in their leadership, just don't get caught up in titles.

      Cons

      Exposure to everything. Nepotism, cronyism, and lots of old school bravado. A pinch of FAFO for good measure, don't challenge the old guard.

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      PENNYMAC Response
      8mo
      Thank you for taking the time to provide feedback on your experience at our company. We appreciate your honesty and value your perspective. We understand the importance of addressing concerns and finding ways to improve the work environment. It's great to hear that our company provides a good starting point for individuals who are just beginning their careers. Gaining experience in the mortgage industry can be valuable, and the opportunity to pivot into different areas of tech and product through the mortgage application process is definitely a positive aspect. Thank you again for sharing your thoughts and suggestions. Your feedback is invaluable in helping us identify areas for improvement. We are committed to making positive changes and ensuring that our employees have a fulfilling and rewarding experience at our company. If you have any further concerns or suggestions, please do not hesitate to reach out to us employeerelations@pennymac.com. We are here to support you.

      Explore other reviews about PENNYMAC

      5.0
      Nov 18, 2025
      Administrative
      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.
      2.0
      Jun 17, 2026
      Home loan specialist ii
      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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      PENNYMAC Response
      1d
      Thank you for taking the time to share your review of your experience with us. We appreciate your candid perspective, and we're glad to hear you found value in our training programs and appreciated our daily office surroundings and pantry resources. We completely understand that compensation, benefit costs, and clear policy transparency are top priorities. We hear your frustrations regarding how starting pay adjustments, localized remote schedules, and incentive timelines can impact the day-to-day experience. We constantly review our compensation structures and internal procedures to ensure fairness, remaining competitive in the market while balancing our overall team dynamics. Regarding your feedback on our communication, we take your comments very seriously. Our company deeply values open communication, and it is never our intention to create an environment where an employee feels unheard or unsupported. We are continuously evaluating ourselves to learn from our employees' experiences and improve our management practices. Even if we cannot change the past, we are genuinely driven to influence the future. Because you have the unique perspective of having spent time with us across multiple tenures, we invite you to reach out directly to our corporate human resources team at employeerelations@pennymac.com. We want to listen carefully to your feedback and ensure your specific insights are thoroughly noted as part of our continuous improvement strategy. We value your time with the team, and we wish you the very best in your future endeavors.
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