Rotten system I was in the hospital for three weeks and missed one payment. Pennyman blocked my ability to pay online and requires me to call them. However, their system is completely dysfunctional, nobody answers then it hangs up on you after wasting up to an half hour! I want to pay my mortgage but PennyMac won't let me!!!! Terrible company!!

There is no way to make a payment… There is no way to make a payment "after hours" by phone. Or without chatting with them. This is ridiculous. There should be multiple ways to PAY anyway and how that a customer can. The number 888 870 229 has no evening access and the other phone number loops gives no option to make a payment only info. I guess this multi-million-dollar company is too cheap to make itself accessible, not everyone is happy with ONLINE payments! I guess the other option is that they WANT customers to have difficulty paying---that much seems to be true.

RE-Fi to save $300 a month went easy… RE-Fi to save $300 a month went easy and fast closing! I have an FHA loan with unfortunate built-in PMI at around $400+ cost a month, which remains until I sell my home as this current RE-FI could not change since my income did not allow a change from FHA to conventional. Good experience all around with PennyMac.

Horrible mortgage company Horrible mortgage company. My monthly payment has increased twice since they bought my mortgage. They are now citing the increase due to a "shortage" account. Neither my insurance or taxes have increased, yet I am now paying over $500 more per month than when I started. What's more is they failed to pay my homeowner's insurance on time, and it wound up getting cancelled. They finally paid it a few months later. Avoid PennyMac at all costs!!!

Poor Customer Service & online experience It's difficult, to say the least, to get a real person via phone. A customer is encouraged to do everything via their online system but that system is pretty bad. I've submitted messages that don't get read. For example, I recently changed homeowners insurance and had to go through the online system to update my insurance info. The 'people' receiving my info don't seem to understand insurance, and because there was question about the coverage rather than pick up the phone and call me, they mailed letters asking me to upload my new insurance over and over again. Then they applied their own insurance because the question hadn't been answered, even though I had answered the very simple question and submitted documentation. A person with just a little bit of knowledge could have solved the issue by either picking up the phone or answering my online messages. It's almost like there are no humans working there.