Pennymac is basically all the old executives from Countrywide. While you can change the legal name and reincorporate, old Countrywide management style of employee abuse, micromanagement, zero pay raises, no career advancement still lingers. Employees are treated like garbage (from the top of the organization down), and turnover is off the charts with new management hired to oversee existing mid to long term employees. Employees are terminated and laid off while the company boasts of its millions of dollars in net profits each quarter. If you want a paycheck then this place is ok. As a former Countrywide employee I can tell you nothing has changed from the old guard.
The Direct Deposit system works
micromanagement, lack of investment in infrastructure, constant turnover because employees are treated like garbage