Average Salary for PennyMac Employees

Operating out of Moorpark, Calif., mortgage lending / loans / credit products industry company PennyMac employs talent in positions ranging from SQL Developer to Telecommunications Engineer. Employees at PennyMac make $73K annually on average. How long you've been working is the biggest factor affecting pay for PennyMac workers, followed by your role at the company and geography. The data for this overview comes from answers to PayScale's salary questionnaire.

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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)
$41,459 - $95,305  
[-]SQL Developer (2)
Salary$42,946 - $80,984  
Total Pay$41,459 - $95,305  
[+]Telecommunications Engineer (2)
$58,884 - $111,683  
[+]Telecommunications Engineer (2)
Salary$62,776 - $102,584  
Total Pay$58,884 - $111,683  
[+]Loan Underwriter, Mortgage (2)
$52,907 - $107,631  
[+]Loan Underwriter, Mortgage (2)
Total Pay$52,907 - $107,631  
 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)

About This Company

Moorpark, California 

Mortgage Lending / Loans / Credit Products

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 about $61K. The largest slice of the PennyMac workforce (42 percent) has been working for five to nine years and earns $73K per year.


Earning $85K on average, Telecommunications Engineers receive the most money, followed by SQL Developers (around $61K).

Certifications and Degrees

Employees who have a Bachelor of Science in Computer Science (CS) make the most here, hauling in approximately $75K annually.


Skill-wise, employees who report SQL as part of the toolkit report the most money, earning $95K on average. One of the more prevalent skills at PennyMac is Financial Analysis, with just under one in three considering it a key competency. Employees also tend to round out their skills sets with Microsoft SQL Server, Mortgage Loans, and Microsoft Excel.

Benefits and Perks

Almost all employees participate in the company's 401(k) retirement savings plan. The vast majority of workers receive health insurance, and a strong majority of workers get dental coverage.

Key Stats for PennyMac


38 %
62 %
$42,500 - $92,500
$57,391 - $81,793
1-4 years
5-9 years
10-19 years
20 years or more

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 10 votes.

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