PENNYMACX Featured company

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About

About the Company

As a top lender in the US, Pennymac has helped nearly 5 million lifetime homeowners achieve and sustain their aspirations of homeownership. Our vision is to be the most trusted partner for home, by creating long-term relationships with our borrowers, partners and stakeholders. Together, 3,800 team members are guided by our core values of being Accountable, Reliable and Ethical in all business practices. Pennymac is committed to making positive contributions and promoting long-term sustainable growth and environmental stewardship. We are continually optimizing our processes and implementing additional products and services that fit the unique needs of our customers.

Company headquarters
Headquarters Location

PENNYMAC
3043 Townsgate Rd #200
Westlake Village, CA

Number of employees
Number Of Employees
3,800
Company industry
Industry
Financial Services
Company website
Company Website
Company ceo
CEO
David Spector

Our Certifications

See What We've Been Awarded

Top 100 2021
TOP 100
2023
Certified Company
Certified
2023
Certified Company
Certified
2024

Reviews

Why is PENNYMAC a Most Loved Workplace®?

At Pennymac, we prioritize advancement and foster a culture that values diverse perspectives and experiences to inspire bold ideas and deliver excellence to our stakeholders. A majority of those who are currently in management positions have been promoted: 89% EVP+, 82% of Mid Level (SVP-AVP) and 80% of Front Line Managers (MGR-SUP). Our balanced business model allows us to navigate the industry’s challenges, providing stability for our employees and customers. Pennymac is also focused on embracing cutting-edge technology by using Google Gemini AI to test, innovate and learn.

Pennymac is guided by our core values of being Accountable, Reliable and Ethical in our commitment to creating long-term relationships with our team members, customers, partners and stakeholders. The definitions of our core values are as follows:
Accountable: Our customers come first, always. We continuously strive to grow and perform at the top of our game.
Reliable: We fully commit to exceed customer expectations, working as a team to drive excellence.
Ethical: We aim to always be a positive influence, celebrate our differences and do what is right.
Our behavioral expectations help us bring those values to life each day.

David Spector, Chairman and CEO, demonstrates Pennymac’s G.R.E.A.T. Leadership Standards – to Grow, Respect, Energize, Achieve, Together. This challenges us to Be Great, and defines the behaviors that shape our culture. Spector is also the executive sponsor of our Diversity, Equity, and Inclusion Council and board member of the MBA. He ensures there is a balanced approach in all initiatives, taking into consideration the interests of all stakeholders. Spector firmly believes that together, we A.R.E. Pennymac.

Pennymac creates an environment where employees can thrive and realize their potential. We foster a diverse, equitable, inclusive, open-door culture in which team members are encouraged by managers to collaborate and share their ideas openly. We offer programs like My Two Cents to solicit and implement innovative ideas, as well as focus groups and Business Resource Groups. Pennymac also hosts annual GREAT Days where employees gather in roundtables with executive leadership to discuss the company’s current landscape and opportunities for growth and success.

Pennymac’s collaborative culture encourages its team members to embrace differences, combine our knowledge and drive transformation. We cultivate a diverse and inclusive workforce in our business operations, and empower team members to share their unique insights and experiences. Pennymac’s Facilitated Mentee/Mentor program pairs team members each year to enhance professional growth and development. We are one team, with one goal: we work together to help our customers achieve their aspirations of homeownership.

At Pennymac, the financial, physical and mental wellness of our employees is our top priority. We offer competitive compensation and comprehensive benefits such as paid time off, 401k matching (immediate vesting) and a variety of health (medical, dental, vision) and wellness programs. We organize company-wide health challenges and financial learning sessions about budgeting and reducing debt. Pennymac actively solicits feedback from employees through surveys, ensuring that their insights and suggestions for improvement are communicated to the leadership team. Additional perks include an employee rewards program, home loan benefits, onsite gyms, subsidized gourmet dining and Grubhub credits.

Work Culture

Life at PENNYMAC

What's it like to work here?
Customer-Reviews-Customer-Connection

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