Inquiry Routing & Information System (IRIS)
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on how a sample size is determined
Published 08/10/2012 09:00 AM | Updated 06/27/2017 08:08 AMCan you provide any additional information on how a sample size is determined? For instance, is it a percentage of eligible loans? Does it vary based upon the type of sample (i.e. repayment plan incentive, foreclosure claim, etc.)?
The post-audit sample is a statistically valid selection, based on a formula approved by VA statisticians and does not vary based on the type of action completed by the servicer.