Working at PennyMac in Calabasas, CA: 1 Employee Job Reviews by Real Employee working in Calabasas, CA Area

"Extremely demanding position with no obvious appreciation for efforts."

What do you like about working at PennyMac?

"The management hired the best people in the industry. The business model has the potential to be very successful. The majority of the staff are extremely nice to work with."

Do you have any tips for others interviewing with this company?

"Do not expect fast career growth. The hours are long and the workload is heavy. The CEO has integrity though and if you prove your worth and survive long enough you should eventually get rewarded."

What don't you like about working at PennyMac?

"There is a large amount of nepotism in the management structure, with many being shareholders. This has cultivated a culture of management based on fear and intimidation. Most employees were hand selected and promised large bonuses in return for lower salaries and high work loads, the bonuses weren't issued. The staff are over worked and under appreciated."

What suggestions do you have for management?

"Remove or demote the friends and family members who are using their relationship to the founders for their own gain. Promote based on ability and results. Pay more attention to the practices of those down the management chain. Show appreciation to the staff, these are the best people in the business and they are all working extremely hard for little to no appreciation."