#United States #Austin #Property Tax #Ownwell #Carrington Mortgage

Partnership for Homeownership Savings

In a strategic move aimed at enhancing the financial wellbeing of homeowners, Ownwell, a cutting-edge technology firm specializing in property taxes, has joined forces with Carrington Mortgage Services, LLC, one of the leading mortgage servicers in the United States. This partnership, announced recently, is set to revolutionize how homeowners tackle their property tax burdens, which often represent one of the largest ongoing expenses associated with homeownership.

A Major Collaboration

Carrington Mortgage Services has made headlines by surpassing a staggering $200 billion in servicing balances. With operations spanning across all 50 states, Carrington not only provides top-notch loan originating services but also manages an extensive portfolio of homes. Through this newly formed alliance, Carrington’s customers will gain direct access to Ownwell’s innovative property tax appeal processes. The aim is simple yet impactful: to provide significant savings to homeowners who might be overpaying on their property taxes.

Understanding the Issue

Research suggests a startling truth: more than 40% of homeowners are likely overpaying their property taxes each year. Yet, a distressing 78% have never taken the crucial step to appeal their property tax bills. Alarmingly, over half of those who never appealed were simply unaware of their rights to do so. This partnership seeks to alleviate these issues by making property tax savings more accessible and efficient for homeowners.

Advanced Technology Meets Expert Knowledge

Ownwell utilizes a sophisticated platform that employs technology and licensed professionals to identify inaccuracies in property tax assessments—often a process laden with subjective judgments. Under their model, Ownwell takes on the management of the entire appeal process, allowing homeowners to focus on other aspects of their lives while saving money. The company's performance-based fee structure means homeowners only incur costs when their property tax bills are successfully lowered, enhancing the appeal of their offerings.

Enhancing Homeowner Support

Tom Huddleston, Executive Vice President at Carrington, expressed enthusiasm regarding the partnership, stating, “At Carrington, we continuously seek ways to add value for our customers beyond traditional servicing.” By collaborating with Ownwell, Carrington is determined to provide a tangible service that alleviates financial burdens without demanding upfront investments from homeowners. This commitment underscores a broader vision of supporting homeowners with reliable and practical solutions.

Transparency in the Appeal Process

The process of appealing property taxes can often feel daunting; however, Ownwell aims to bring transparency and clarity. Their platform grants users real-time access to updates throughout the appeal process, keeping homeowners informed at every turn. Not only does Ownwell facilitate property tax appeals, but it also assists in obtaining current and retroactive homestead exemption filings, alongside utility bill reductions, establishing a comprehensive support structure for homeowners.

About Ownwell

Ownwell stands at the forefront of propelling property tax technology forward. Their mission is crystal clear: they strive for clearer and more equitable homeownership costs by combining cutting-edge technology with the expertise of licensed professionals. By providing property tax appeal services to homeowners, rental property owners, and real estate investors alike, Ownwell is redefining home costs in the U.S.

About Carrington Mortgage Services

As a key player in the mortgage industry, Carrington Mortgage Services LLC is dedicated to delivering outstanding loan servicing and lending solutions. Their overarching goal is to enhance the homeownership experience while ensuring that customers receive unparalleled service tailored to help them achieve sustainable homeownership.

For further information about this partnership and the services provided, you can visit Ownwell at their official website or Carrington at CarringtonMortgage.com. Together, Ownwell and Carrington are not just reshaping property tax navigation; they are paving the way for more equitable homeownership.