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PENNYMAC Reviews 1,758

TrustScore 3.5 out of 5

3.6

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Review summary

Created with AI, based on recent reviews

Most reviewers were somewhat happy with their experience overall. Many customers found the staff to be professional, knowledgeable, and helpful, often highlighting specific individuals for their excellent service and clear communication throughout the loan process. People appreciated the responsiveness and the feeling of being well-informed and supported. However, some people were dissatisfied with the service, citing issues with payment processing and a general lack of urgency. There were also concerns about customer service, with some reporting difficulties in reaching representatives, receiving inconsistent information, and experiencing long wait times. A few other people also felt that the company's internal processes were disorganized, leading to repeated requests for documents and confusion.

What people talk about most

Staff

Users describe ambiguous interactions with staff. Many customers praise the staff for being knowledgeable,... See more

Service

Customers consistently note ambiguous experiences with service. While some reviewers, including realtors,... See more

Customer service

Consumers find customer service experiences to be ambiguous. Many reviewers praise helpful and knowledgeable... See more

Payment

Customers had negative experiences with payment. Many reviewers reported issues with false and misleading... See more

Response time

Reviewers mention ambiguous feedback about response times. While some customers praise quick and helpful... See more

Reviews shaping this summary

Rated 2 out of 5 stars

Backroom processing was way less than satisfactory. Everything took too long, numbers were incorrect. Kept emailing file from previous property that fell through. Relationship Representative w... See more

Company replied

Rated 2 out of 5 stars

LAURA my loan officer was wonderful. The rest of experience aside from settlement was very unpleasant. The no show for the first settlement, the calls with confusing messages,the no show for the secon... See more

Company replied

Rated 5 out of 5 stars

Ms. Dorothy was both professional and personable as well as very knowledgeable whenever I had a question. Her approach made me feel like I was in good hands throughout the entire process. She was very... See more

Company replied

Rated 5 out of 5 stars

The whole process was a piece of cake. I was kept informed by text all along the way letting me what was going on. The online application and uploads were easy to navigate which made that experience s... See more

Company replied


Company details

  1. #30 of 30 best companies in Mortgage Lender
  2. #187 of 192 best companies in Financial Consultant
  3. #13 of 13 best companies in Mortgage Broker
  4. #240 of 253 best companies in Non-Bank Financial Service

About PENNYMAC

Written by the company

Our Mission

Written by the company

Your Journey To Homeownership.
For nearly two decades, Pennymac has established itself as a leading and respected mortgage lender and servicer, helping more than 5.3 million homeowners achieve their aspirations of homeownership. Pennymac’s dedication to affordable lending and sustainable homeownership continues to support its long-term growth and the customer experience. Pennymac offers a wide range of tailored loan solutions for home purchase, refinance, cash-out refinance and home equity needs, including FHA, VA, investment property and jumbo loans, as well as fixed-rate and adjustable-rate (ARM) options. A Pennymac Loan Expert works with borrowers to explain their options and outline what to expect, helping them move forward with greater confidence.
Award-Winning Service And Expertise.
As a leader in the industry, Pennymac holds top national rankings as the #1 correspondent aggregator, #2 overall lender and #3 wholesale lender. That level of experience is paired with a strong focus on service, including support that continues throughout the life of each loan. The company is also a 5-star-rated lender on LendingTree and an A+ rated accredited business with the Better Business Bureau. Recognition from trusted third parties further reflects this commitment to customers. Pennymac is honored to be recognized by USA Today as one of America’s Best Customer Service providers in Financial Services and continues to set industry standards, earning accolades such as 2025 America’s Most Loved Workplace as featured in The Wall Street Journal, 2026 Military Friendly Employer, Mortgage Women Magazine’s 2025 Top Employer for Women and National Mortgage Professional Magazine’s 2025 Best Military Lender. In 2025, Pennymac also became The Official Mortgage Supporter of Team USA and the LA28 Olympic and Paralympic Games.

How can we help?

Discover your journey to Greatness with Pennymac


Contact info

3.6

Average

TrustScore 3.5 out of 5

2K reviews

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Rated 5 out of 5 stars

Being readily available…

Being readily available when I had questians.

April 25, 2026
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Reply from PENNYMAC

Thank you for the support, Maxine! We're happy to hear you had a positive experience with us. Please give us a call if you ever need assistance in the future.

Rated 2 out of 5 stars

Poor communication

There were document issues that took weeks to resolve, delaying my closing.

April 23, 2026
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Reply from PENNYMAC

Hi Alexander - Thank you for your feedback. We appreciate any opportunity to make your experience better. Please text us at (805) 716-6348 so we can assist you. Thank you, we hope you have a great day.

Standard text messaging rates may apply*

Rated 5 out of 5 stars

Knowledgeable and patient.

Philip and Eli were knowledgeable and patient with all of my questions. Their responses were prompt if I left a message or text. Always kind and professional. Walked me through the process step by step.

April 24, 2026
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Reply from PENNYMAC

Hi Terrance - Thank you so much for the review! Please text us at (805) 716-6348 if you ever have any questions. We hope you have a great day.

Standard text messaging rates may apply*

Rated 5 out of 5 stars

Layal my loan officer made the process…

Layal my loan officer made the process as smooth as possible, always available when i needed her and on top of that got me the best rate and saving on my first home purchase!

April 25, 2026
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Reply from PENNYMAC

Hi Wael - We appreciate your support! We're so glad we could provide you with a positive experience. We hope you have a great day.

Rated 5 out of 5 stars

Alexa was as good as it gets.she walked…

Alexa was as good as it gets.she walked me through step by step and took her time and explained everything perfectly,as well as any other staff members of your team.she took time to answer the any and ALL my questions and concerns.very helpful,polite and knowledgeable!!!

April 21, 2026
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Reply from PENNYMAC

Thank you for the positive review, Cynthia! We're so glad to have you as a valued member of our Pennymac family. Please text us at (805) 716-6348 if you ever have any questions or need assistance. Thank you, we hope you have a great day.

Standard text messaging rates may apply*

Rated 5 out of 5 stars

Catherine was exceptionally…

Catherine was exceptionally professional as well extremely courteous in all of our dealing.

April 23, 2026
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Reply from PENNYMAC

Hi there - We are happy to hear you had such a positive experience with us. Thank you, we hope you have a great day.

Standard text messaging rates may apply*

Rated 4 out of 5 stars

I don't know feel

I don't know feel , confused because I don't know if I doing the right thing with the additional loan . Interests rate is too high . I just wish I can refinance my mortgage payment if the rates go down asap . I'm trying to stay positive. I have a lot of what ifs .

April 24, 2026
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Reply from PENNYMAC

Hi Adam - At Pennymac, providing our customers with an exceptional experience is our top priority. We'd like to improve your experience with us and help you in any way we can. Please text us at (805) 716-6348. Thank you, we hope you have a great day.

Standard text messaging rates may apply*

Rated 1 out of 5 stars

Absolute WORST company ever

Are you kidding me! You people suck. You are asking for a review when we are still in constant contact with you daily just trying to get our money cash out from the loan and the bills paid that are part of the loan. I have had numerous home loans in my lifetime and NEVER have I had such an unprofessional experience. ALL disclosures were lies and marketing ploys. From the timeline, to the needed documents, to the fees. Our loan officer was completely inept. The communication between the portal requesting docs to her asking for docs that had already been uploaded. We went with you as a refinance because we already had you as our mortgage provider and thought the process would be streamlined and simple, as we were always current on our existing loan. This has seriously been a nightmare and caused more stress than necessary. Closing was delayed over a week through no fault of ours. Now for 2 weeks we have no idea where $27,000 is??… 2 other payout bills totaling another $20,000, and our property taxes have not been paid. NOBODY seems to have an answer. Some of your employees say the title company has the money, others say to just WAIT a few more days, others say it is in check form coming from FEDex. If our money is not accounted for by Monday, April 27, we will be contacting an attorney and reporting you to the better business bureau.

April 23, 2026
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Reply from PENNYMAC

Hi Richard - At Pennymac, providing our customers with an exceptional experience is our top priority. We'd like to improve your experience with us and help you in any way we can. Please text us at (805) 716-6348. Thank you, we hope you have a great day.

Standard text messaging rates may apply*

Rated 5 out of 5 stars

Great loan process!

April 23, 2026
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Reply from PENNYMAC

Thank you for the support, Rae! We're happy to hear you had a positive experience with us. Please give us a call if you ever need assistance in the future.

Rated 4 out of 5 stars

My agent was very pleasant to work with…

My agent was very pleasant to work with he kept me updated with everything so I'm very happy with the whole process.

April 23, 2026
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Reply from PENNYMAC

We really appreciate your support, Janice. Thank you for the review. We hope you have a great day.

Rated 5 out of 5 stars

Smooth Refinancing Process!

From the loan representative underwriting my loan, to the loan officer, manager, appraiser, and the notary. It was a very pleasant experience. Everyone worked with me. I got a fair and decent rate, no hassle supporting documentation and less stringent because I stayed with my same lender, paid nothing out of pocket, and was very easy. I recommend PennyMac!

April 23, 2026
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Reply from PENNYMAC

Thank you for taking the time to share your experience with us, Justin. We really appreciate it. Please text us at (805) 716-6348 if you ever have any questions or need assistance in the future. We're always happy to help.

Rated 5 out of 5 stars

Great experience with super helpful…

Great experience with super helpful staff!

April 23, 2026
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Reply from PENNYMAC

Thank you for taking the time to share your experience with us, Rob. We really appreciate it. Please text us at (805) 716-6348 if you ever have any questions or need assistance in the future. We're always happy to help.

Rated 4 out of 5 stars

The notary person was rude

The notary person was rude , We still can't get on portal, Everybody we dealt with was great!

April 23, 2026
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Reply from PENNYMAC

Hi Doug - We'd like to learn more about your experience so we can improve our services. If you're interested, could you please text us at (805) 716-6348? We appreciate your time.

Rated 5 out of 5 stars

Reid Wright was Awesome!!

Reid Wright was awesome! He took the time to walk through the process. He had the patience for all of my questions. He consistently followed up when needed.
He provided a sense of comfort and confidence through the process. He should be considered a great asset to the team. Thank you, Reid!!

April 23, 2026
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Reply from PENNYMAC

Hi there - We are happy to hear you had such a positive experience with us. Please text us at (805) 716-6348 if you ever have any questions. Thank you, we hope you have a great day.

Rated 5 out of 5 stars
PENNYMAC logo

Reply from PENNYMAC

Hi there - We are happy to hear you had such a positive experience with us. Please text us at (805) 716-6348 if you ever have any questions. Thank you, we hope you have a great day.

Rated 5 out of 5 stars

Quick and easy

April 23, 2026
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Reply from PENNYMAC

Thank you for taking the time to share your experience with us, Brandon. We really appreciate it. Please text us at (805) 716-6348 if you ever have any questions or need assistance in the future. We're always happy to help.

Rated 5 out of 5 stars

Always an agent to talk to during business hrs you can always talk to someone and they are very knowledgeable about your account and can answer every wiestion

During business hours you can always get an agent maybe not your agent but someone who can answer your questions that’s hard to find these days I appreciated being able to talk to a real person everytime They were very pleasant and treated you like a valued customer and I really appreciated that

April 23, 2026
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Reply from PENNYMAC

Hi there - We are happy to hear you had such a positive experience with us. Please text us at (805) 716-6348 if you ever have any questions. Thank you, we hope you have a great day.

Rated 5 out of 5 stars

PennyMac and the whole staff went above and beyond

PennyMac and the whole staff went above and beyond to fulfill our financial needs and made the whole experience easy. This was a five star experience.

April 23, 2026
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Reply from PENNYMAC

Thank you for taking the time to share your experience with us. We really appreciate it. Please text us at (805) 716-6348 if you ever have any questions or need assistance in the future. We're always happy to help.

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