PennyMac Loan Services, LLC Employee Reviews
Out of 15 PennyMac Loan Services, LLC employee reviews, 38% were positive. The remaining 62% were constructive reviews with the goal of helping PennyMac Loan Services, LLC improve their work culture.
What does the leadership team need to get better at?
The executive team is mostly ancient people from Countrywide. If you didn't work with these people at Countrywide or BoA, they don't want anything to do with you.
Why do you feel undervalued and what would make you feel better about your compensation?
No raise in 4 years and bonus decreased, but I saved the company $1 million a year via building a new system. So I left for another company paying me $100K more a year.
Pay is decent but the benefits are weak. The RSUs are basically worthless unless you're in the c-suite.
What do your coworkers need to improve and how could you work together better?
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What needs to change to make the company culture better?
They need to modernize across the board. Legcacy technology and systems makes even the most mundane tasks utterly brutal. The company squeezes pennies whenever it comes to any employee event or reward. The annual gifts are a bit of a running joke.
What would you improve about your company's interview process?
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What's going wrong and how can it be improved?
Pennymac isn't known for service. We buy portfolios of loans and people get stuck with us.
What would you most like to see improved at your company?
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