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. 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 aspiration of homeownership.
At Pennymac, our people are the heart of everything we do. We prioritize promotions and foster a culture of honesty, transparency and inclusivity. A majority of those who are currently in management positions have been promoted internally: 86% EVP+, 77% of Mid Level (SVP-AVP) and 79% of Front Line Managers (MGR-SUP). We also take steps to minimize the environmental impact of our operations. Additionally, we strive to create positive social impacts in our workplace, operations and communities, while upholding high ethical standards and sound governance practices. This is done with the goal of setting our employees and community up for success.
Pennymac creates an environment where team members can thrive and realize their potential. We are committed to fostering a diverse, equitable and inclusive culture through initiatives designed to attract, develop and engage a highly talented and performance-focused workforce. Our managers play an important role in ensuring team members are heard. We maintain an open-door culture to create a more collaborative environment where team members feel comfortable sharing their ideas. We offer programs such as My Two Cents, a program designed to solicit and implement innovative ideas from employees, as well as focus groups and Business Resource Groups.
Pennymac invests in our team’s professional and personal goals through a variety of leadership, development and mentorship programs:
- Annual and New Hire Training - Web-based training, built to Pennymac specifics, is provided to assist employees in expanding their knowledge on industry-related topics, ethical policies and procedures, workplace best practices and DEI initiatives
- Career Desk - Offers direction, organization and resources to assist our team in developing a dynamic career plan
- Pennymac Corporate University - Prepares next-generation talent recruited from national universities and provides a rotational learning experience
- Manager Development Program - Learning teams provide management training for various levels of management throughout the year
Pennymac is guided by our core values of being Accountable, Reliable and Ethical in our commitment to creating long-term relationships with our employees, 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.
Pennymac maintains six formally recognized Business Resource Groups to empower team members to build connections; broaden perspectives; and grow their skills, network and career. We have an enterprise Recognition Program designed to celebrate the exceptional work and achievements of team members.
In our endeavor to make a positive impact, influence community change and cultivate a better future, our philanthropic efforts include charitable donations, volunteer grants and gift matching.
We prioritize ESG initiatives:
Water Saved (Gallons): 1,557,675
Trees Saved: 3,802
Energy Saved (kW): 890,100
Landfill Space Saved (Cubic Yards): 669
Weight Recycled (Pounds): 445,050
Oil Saved (Gallons): 84,559
David Spector, Chairman and CEO, models and reinforces our core values of being Accountable, Reliable, and Ethical (A.R.E.) in everything we do. We commend him for his leadership on navigating Pennymac through the environmental and industry changes over the last three years. Mr. Spector is also an executive sponsor of our DEI Council and board member of the Mortgage Bankers Association. From an external perspective, he ensures all company decisions are made and communicated with our customers and shareholders in mind. Mr. Spector leads with the belief that together, we A.R.E. Pennymac.
At Pennymac, the well-being of employees is a top priority. We offer comprehensive benefits such as competitive compensation, paid time off, 401k matching, and a variety of health (medical, dental, vision) and wellness programs. We organize well-being sessions that include company-wide health challenges and financial learning sessions about best practices for budgeting, reducing debt and more. Additional perks include retail discounts, home loan benefits, and an onsite gym and subsidized gourmet dining in various locations. We also have a culture that rewards performance, with pay packages that are aligned with performance, the market and have a strong focus on incentives.
Pennymac places tremendous value and focus on the health, safety and well-being of our team members. We take all necessary precautions to keep our workplace as clean and safe as possible, so team members can focus on their work with confidence and peace of mind. In March of 2020, Pennymac proactively employed a “work from home” strategy to combat the impacts of the coronavirus. Pennymac leaders were very intentional in having regular, transparent communication through various channels (i.e. email, video and care packages) to provide support. As employees returned to site, the company adopted three new work models – remote, hybrid and in-office. We instituted new safety processes on-site, temporarily added on-site nurses and took steps to improve air quality through MERV and HEPA filters in our buildings.
As one of the top mortgage lenders in the country, Pennymac has helped over 4 million lifetime homeowners achieve and sustain their aspirations of home. Our vision is to be the most trusted partner for home. Together, 4,000 Pennymac team members across the country are guided by our core values: to be Accountable, Reliable and Ethical in all that we do. Pennymac is committed to conducting a business that makes positive contributions and promotes long-term sustainable growth. We are continually optimizing processes and implementing additional products and services that fit our customers' needs.
3043 Townsgate Rd #200
Westlake Village, CA
1001 - 10000