What is involved in skip tracing?
Skip tracing is required when the lender/servicer receives information indicating that the borrower s address of record is incorrect. The lender/servicer must either: certify that skip tracing was performed; OR perform at least one of the following attempt to contact any endorser; attempt to contact the borrower s relatives; attempt to contact the borrower s references; attempt to contact the borrower, endorser, or references using telephone directory assistance; attempt to contact any individual and/or any entities identified in the borrower s loan file; OR perform any other normal skip tracing activity. For cohort default rate purposes, skip tracing is NOT required if: the lender/servicer receives information regarding an incorrect address on or after 151 days (or 241 days if the borrower entered into delinquency on or after October 7, 1998) of the borrower becoming delinquent; OR the lender/servicer has the borrower’s address but does not have a record of the borrower s correct tele
