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PENNYMACX Featured company

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About The Company

For over 15 years, Pennymac has established itself as a leading and respected mortgage lender and servicer, helping more than 5 million homeowners achieve their aspirations of home ownership. Pennymac offers a wide range of tailored loan solutions, including FHA, VA, home equity, investment property, and jumbo loans, and holds top national rankings as the #1 correspondent aggregator, #2 overall lender, and #3 wholesale lender. Pennymac's dedication to affordable lending and sustainable homeownership is one of the key drivers to its long-term growth and success. The organization has been recognized for various notable awards, including: Newsweek 2024 America’s 100 Most Loved Workplaces, 2025 Military Friendly Employer, Mortgage Women's Magazine 2024 Top Employer for Women, NMP Magazine’s 2024 Best Military Lender. In 2025, Pennymac became a Proud Supporter of Team USA and the LA28 Olympic and Paralympic Games. Learn more at PENNYMAC.COM.

Company headquarters
Headquarters Location

Westlake Village, CA

Number of employees
Number Of Employees
4,200
Company industry
Industry
Financial Services
Company website
Company Website
Company ceo
CEO
David Spector

Our Certifications

See What We've Been Awarded

Reviews

Why is PENNYMAC a Most Loved Workplace®?

Pennymac prioritizes employee growth and development. Our strong promote-from-within culture, with a high percentage of internal promotions to management positions, demonstrates our commitment to career advancement. A majority of those who are currently in management positions have been promoted: 87% Executive, 83% of Mid Level and 81% of Front Line Managers. Our balanced business model, coupled with our ability to build and adapt products to meet evolving market conditions allows us to navigate the market volatility, providing stability for our employees and customers. Pennymac is also focused on embracing technology by using AI to test, innovate and learn, positioning our people and company for continued success.

Pennymac's company values allow us to consistently be at the top of our game, because we prioritize being Accountable, Reliable, and Ethical (A.R.E. Core Values) in all we do. This foundation fosters a respectful, inclusive workplace where integrity is essential. Combined with our G.R.E.A.T. Leadership Standards (Grow, Respect, Energize, Achieve, Together), we prioritize operational excellence to consistently fulfill our customers needs. Pennymac’s focus on service creates a sense of purpose for employees, knowing their contributions directly help others, strengthening our relationships with team members, customers, partners, and stakeholders.

David Spector, our Chairman and CEO, champions our company values, actively supporting workplace engagement, inclusion, and philanthropic efforts like the Stanford L. Kurland Memorial Golf Classic for brain cancer research. His leadership inspires us to uphold the gold standard in achieving results and meaningful success together. Mr. Spector is also an executive sponsor of the Pennymac Workplace Engagement Committee and an MBA board member. Under his leadership, Pennymac also became the Official Mortgage Supporter of Team USA and the LA28 Olympic and Paralympic Games, further demonstrating our commitment to community and shared success.

Pennymac fosters an environment where employees thrive and reach their full potential through teamwork and valued input. We cultivate mutual support between managers and teams, further enhanced by company-wide town hall meetings, state-of-the-business updates, and smaller group interactions. Programs like 'My Two Cents' award employees for impactful ideas that boost efficiency, cut costs, and drive growth. Additionally, our 'GREAT Days' event serves as a key opportunity for executive leadership to visit each Pennymac site, where we affirm the value of our people through direct engagement and fun activities recognizing their contributions. These platforms foster an inclusive and productive atmosphere.

Pennymac fosters a collaborative culture where diverse minds and teamwork drive innovation. We empower employees to voice their ideas, encouraging open communication and knowledge sharing to achieve common goals. To deliver gold-standard results for all our customers, Pennymac leverages its talented team and cutting-edge tools, including AI, to enhance productivity and streamline collaboration across divisions. By prioritizing clear articulation of objectives and progress, we’ve built a dynamic workplace where employees connect their work directly to Pennymac’s mission of helping over 5 million homeowners achieve and sustain their aspirations of home.

In 2025, Pennymac launched AMPLIFY, a reimagined and energized benefits program reflecting our commitment to employee well-being. We listened and acted to enhance offerings, ensuring our team is mentally strong and physically healthy. We emphasize long-term financial wellness, providing strong pay incentives and valuable benefits like home loan options, 401k matching, and comprehensive health programs. Company-wide challenges and learning sessions boost awareness and participation. Perks include rewards, onsite gyms, and subsidized gourmet dining and Grubhub credits (location dependent), demonstrating our investment in our employees' overall success.

Benefits
See what PENNYMAC's main benefits are
  • Career Development and Skill Growth
  • Inclusive and Engaged Workplace Environment
  • Values-Driven and Collaborative Culture
  • Community and Leadership Connection
  • Open Communication, Innovation, and Recognition
  • Comprehensive Employee Wellness
Commitments
See what PENNYMAC has committed to in order to be a MLWP®
  • Leadership Development and Career Growth Opportunities
  • An Inclusive and Engaged Workplace
  • A Team-Oriented Workplace Based on Core Values
  • Engaged Employees and Strong Connections Through "GREAT Days"
  • Open Communication and Rewarding Innovation and Service Excellence
  • Interactive Employee Experiences and Benefits

Testimonials

Hear From Our Employees

It's already a great place to work.

Great atmosphere
Great employees
Room for growth

The company always does what's right without hesitation.
The know and appreciate the employees who work extra hard to meet goals.
They provide the best work platform in the industry!

Growth in ever changing markets
Always up to date with leading technologies
Constant outlook to New and innovative products

Work Culture

Life at PENNYMAC

What's it like to work here?
https://www.youtube.com/watch?v=uX552R9CLSA

Why Us?

Why Work At PENNYMAC

pennymac offers more than just a job; we provide a platform for meaningful growth within a stable and forward-thinking company. we champion internal advancement through clear career paths and a strong promote-from-within culture. beyond professional development, we cultivate a supportive community where employees feel a sense of purpose, contributing to our mission in the mortgage industry. we foster collaboration, celebrate shared success, and encourage giving back through volunteer opportunities and matching gift programs. by investing in our team's well-being and growth, we empower individuals to build fulfilling careers and make a real impact.

Featured Job

Join Us at PENNYMAC

Underwriter - Mortgage Fulfillment · Phoenix, Arizona

PENNYMAC Pennymac (NYSE: PFSI)

Customer-Reviews-Customer-Connection

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