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Average Salary for PennyMac Employees

Headquartered in Moorpark, California, PennyMac offers a range of employment opportunities in the mortgage lending / loans / credit products industry, from SQL Developer to Telecommunications Engineer. PennyMac employees typically bring home $73K annually. How long you've been working plays the largest role in compensation at PennyMac, but what you do at the company and your city affect income (to a lesser degree) as well. This overview is based on answers to PayScale's salary questionnaire.

How This Employer Pays

PennyMac typically pays:
below market

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Employer: PennyMac
Average Salary Range by Job
Job (Number Reporting)
National Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
[-]SQL Developer (2)
$41,981 - $93,132  
[-]SQL Developer (2)
Salary$43,231 - $81,147  
Total Pay$41,981 - $93,132  
[+]Telecommunications Engineer (2)
$56,238 - $109,401  
[+]Telecommunications Engineer (2)
Salary$60,067 - $102,990  
Total Pay$56,238 - $109,401  
[+]Loan Underwriter, Mortgage (2)
$53,430 - $108,566  
[+]Loan Underwriter, Mortgage (2)
Total Pay$53,430 - $108,566  
 Precise Range (?
XPrecise ranges are calculated based on validated data submitted by employees in this job at this company.
)     Estimated Range (?
XWhen PayScale has limited employee-submitted data, we base estimated ranges on a broader set of relevant employee profiles to calculate the most accurate ranges for this job at this company.
Country: United States | Currency: USD | Updated: 8 Nov 2014 | Individuals Reporting: 25
United States (change)

PennyMac Details

Moorpark, California

Mortgage Lending / Loans / Credit Products

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Freebase CC-BY Source: Freebase, licensed under CC-BY

Years of Experience

Workers who have been with the company for more than one year but less than five can typically make $61K. A typical employee has five to nine years of experience and earns $73K per year.


Typically, Telecommunications Engineers are the best paid with salaries hovering at about $85K; SQL Developers also rank near the top of the list, pulling in $61K.

Certifications and Degrees

PennyMac workers who hold a Bachelor of Science in Computer Science (CS) are also well compensated, earning around $75K on average.


The highest-paying skill to have may be SQL; employees who claim proficiency also report a higher average salary of approximately $95K. A garden variety skill at PennyMac is Financial Analysis; just under one in three of PennyMac's people use it regularly. Other skills in demand are Microsoft SQL Server, Mortgage Loans, and Microsoft Excel.

Benefits and Perks

To plan for old age, almost all workers maintain savings accounts through the company's 401(k) plan. At PennyMac, a solid majority of workers have health insurance, and a strong majority of workers have dental coverage.

Key Stats

38 %
62 %
$42,500 - $92,500
$57,391 - $81,793
1-4 years
5-9 years
10-19 years
20 years or more
Highly satisfied
Rated 4 out of 5
based on 10 votes.

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