Average Salary for PennyMac Employees

The average PennyMac employee earns $70K annually. For the most part, employee paychecks at PennyMac fluctuate depending on your city; how long you've been working also matters, but to a lesser degree. This overview is based on answers to PayScale's salary questionnaire.

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Employer: PennyMac
Average Salary Range by Job
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About This Company

Moorpark, California 

Mortgage Lending / Loans / Credit Products

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

Years of Experience

Those with one to four years of experience at the company can expect to make $62K per year on average. The largest fraction of PennyMac people (47 percent) have been working for five to nine years and earn $60K annually on average.


Residents of Los Angeles, Calif. pick up paychecks that are higher than any other city — the median salary is around $85K per year; other top-paying cities include the company's headquarter city of Moorpark, Calif. ($72K) and Fort Worth, Texas (approximately $50K). By state, the highest pay levels are found in Texas, where the average PennyMac employee makes about $70K annually.


Earning $104K per year on average, Senior Application Developers receive the most money.

Certifications and Degrees

The best paid folks at PennyMac have a Bachelor's Degree, earning $68K annually.


The best-paying skill to have in this role appears to be .NET; employees who claim this ability report median compensation of around $104K per year. Microsoft Office is a popular skill in the PennyMac workforce; nearly one in four of those surveyed report putting it to use in their jobs. Some other standard skills here are Data Analysis, Microsoft SQL Server, and Financial Analysis.

Benefits and Perks

Nearly all survey participants allocate some part of their earnings to the company-sponsored 401(k) savings plan. Health insurance is part of the package for almost all survey participants, and for the vast majority of employees, dental coverage is too.

PennyMac Job Listings

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Key Stats for PennyMac


58 %
42 %
$47,166 - $91,563
$57,391 - $77,500

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 2 votes.

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