PennyMac Mortgage Investment Trust Referral Bonus

PennyMac Mortgage Investment Trust offers a structured referral bonus program aimed at attracting top talent across various roles, including tech and product positions. This program is designed to incentivize employees to refer qualified candidates who align with the company's vision and technical needs.

Referral Bonus Structure

Tech/Product Roles

For technical and product-focused positions, PennyMac recognizes the competitive nature of the industry and offers a generous referral bonus to ensure it attracts the best candidates. Here's a detailed breakdown:

• Role Level: Junior to Mid-Level
  • Bonus Amount: $2,000 - $3,000
  • Eligibility: The referred candidate must complete a 90-day probation period.
• Role Level: Senior to Lead
  • Bonus Amount: $4,000 - $6,000
  • Eligibility: The referred candidate must complete a 90-day probation period.

Other Roles

For non-tech roles, the referral bonus is structured differently, reflecting the varying market demands and recruitment challenges:

• Role Level: Entry to Mid-Level

  • Bonus Amount: $1,000 - $2,000
  • Eligibility: The referred candidate must complete a 90-day probation period.

• Role Level: Senior

  • Bonus Amount: $3,000 - $4,000
  • Eligibility: The referred candidate must complete a 90-day probation period.

Referral Process

1. Submission: Referrals must be submitted through the employee portal using the designated referral form.
2. Review: The HR team reviews all referrals to ensure the candidate meets the minimum qualifications for the role.
3. Interview: Qualified candidates are invited for interviews, following the standard recruitment process.
4. Hiring Decision: Once a candidate is hired, the referring employee is notified.
5. Bonus Payout: The referral bonus is processed and paid out after the new hire completes