What Are Skip Tracing Companies?
Skip tracing companies specialize in locating individuals who have moved or are difficult to find. Whether for debt collection, legal purposes, or business needs like real estate investment, these companies leverage a variety of data sources and investigative techniques to gather detailed personal information. Skip tracers utilize public records, databases, and other resources to track down people and assets efficiently.
How Skip Tracing Companies Work
Skip tracing companies operate by performing a systematic search for the individual or asset in question. Here's how they work:
Data Collection: They gather basic information such as names, last known addresses, and phone numbers.
Database Search: Companies use proprietary databases to search for up-to-date information, including social media accounts, criminal records, tax liens, and more.
Verification: Skip tracers cross-reference multiple data sources to ensure the information is accurate and reliable.
Reporting: The final product is a comprehensive report with the individual’s current contact information, which can include phone numbers, addresses, and email addresses.
Top Skip Tracing Companies to Consider
1. TLOxp by TransUnion
TLOxp is a leading skip tracing service that provides detailed and accurate results. Trusted by law enforcement, private investigators, and financial institutions, TLOxp excels in offering:
Comprehensive Reports: Detailed access to personal information, including assets, criminal history, and financial data.
High Accuracy Rates: Known for reliable and timely updates, ensuring accurate results.
Security and Compliance: Fully compliant with privacy regulations and data security standards.
2. Skip Genie
Skip Genie is a specialized skip tracing company with a focus on real estate professionals and debt collectors. It is well-regarded for its:
Real-Time Data: Offers real-time searches for both individuals and assets.
High-Quality Reports: Provides highly accurate contact details such as mobile numbers, email addresses, and residential locations.
User-Friendly Platform: Offers an easy-to-use interface for efficient searching and data management.
3. REI Skip
For real estate investors and wholesalers, REI Skip provides one of the most robust skip tracing platforms in the industry. Key features include:
Cost-Effective: Known for affordable pricing, making it a good option for high-volume users.
Bulk Skip Tracing: The ability to process multiple records at once makes this tool ideal for businesses dealing with large datasets.
Dedicated Support: Access to a support team that helps with any questions or issues.
4. PropStream
PropStream is a comprehensive real estate data and skip tracing tool. Ideal for property investors, PropStream offers:
Property-Related Data: In addition to skip tracing, it provides property data, tax information, ownership history, and more.
Direct Mail Integration: It allows users to run marketing campaigns directly from the platform.
Detailed Reporting: Provides in-depth reports on owners and properties, improving the chances of securing off-market deals.
5. BatchLeads
BatchLeads is designed specifically for real estate investors and wholesalers who need accurate skip tracing data. Features include:
Integrated Marketing Tools: Combines skip tracing with SMS and email marketing, making it easier to reach leads.
Bulk Skip Tracing: Great for processing large lists of potential sellers.
Comprehensive Data Sources: Access to national databases for the most accurate contact details.
6. IDI Data
IDI Data offers professional-grade skip tracing services, often used by large enterprises, debt collectors, and investigators. Features include:
Custom Searches: The ability to tailor searches based on specific needs.
National Coverage: Access to a wide array of databases for nationwide data searches.
Reliable Customer Support: Provides expert assistance for complex investigations.
7. LeadSherpa
LeadSherpa is an easy-to-use skip tracing and lead generation tool for wholesalers and real estate professionals. Key benefits include:
Batch Uploads: Allows users to upload lists of property addresses for bulk skip tracing.
SMS Marketing Integration: Allows direct outreach to leads via text message.
Fast Results: Known for providing rapid search results with high levels of data accuracy.
Why Choose a Professional Skip Tracing Company?
1. Efficiency and Time-Saving
Skip tracing companies have the tools and expertise to find individuals quickly. By outsourcing this task, you save valuable time and resources.
2. Access to Extensive Databases
Skip tracers have access to proprietary databases that are not publicly available. This gives them an advantage when tracking down elusive individuals.
3. Accuracy and Reliability
Skip tracing companies specialize in providing accurate and reliable contact information, reducing the chances of wasted efforts on wrong leads.
4. Legal Compliance
Reputable companies follow all necessary privacy regulations and ensure that their services are compliant with laws such as the Fair Credit Reporting Act (FCRA) and GDPR.
Key Features to Look for in Skip Tracing Companies
1. Data Accuracy
Ensure the skip tracing company uses up-to-date, verified data sources for more accurate results.
2. Security and Compliance
Check that the company follows stringent data security practices and adheres to privacy regulations.
3. Customer Support
Look for companies that provide responsive and helpful customer support, especially if you need assistance with complex cases.
4. Pricing Structure
Choose a skip tracing company with a clear and transparent pricing structure that fits within your budget. Consider both the cost-per-search and the value the service offers.
How to Choose the Best Skip Tracing Company for Your Needs
Assess Your Business Requirements: Determine the volume of skip tracing you require and whether the company can handle it.
Check Customer Reviews: Look for positive feedback from businesses similar to yours.
Request a Trial: Many companies offer free trials or demos—take advantage of these to assess the service quality.
Compare Pricing Plans: Ensure the pricing is competitive, and compare it with the features offered by each company.
Conclusion
Skip tracing companies are invaluable for businesses that rely on finding difficult-to-locate individuals. Whether for debt collection, real estate, or legal purposes, choosing the right skip tracing service can significantly enhance your ability to contact key leads, maximize efficiency, and improve your bottom line.
