The <sup>4</sup>He optically pumping magnetometer is a kind of high resolution instrument for measuring magnetic field intensity. Its response speed cannot meet the requirements in some experiments. By analyzing many factors, Phase Sensitive Detector (PSD) which is the key part of the lock-in amplifier processes data at a very slow speed is found. To improve its performance, this paper introduces a parallel digital phase sensitive detector based on coordinate rotation digital computer (CORDIC) algorithm. The cost time of the parallel digital phase sensitive detector is only 5.1% of the previous one. It can greatly enhance the response speed of the <sup>4</sup>He optically pumping magnetometer.