We have launched a new program for some small business lending, usually equipment or LOCs. In the program we don't require proof of revenue, it's more credit score or LTV driven.
I know if we don't ask for revenue at all then I would use a "3"; but if we do ask for it but don't require any proof can I use the stated amount? This would almost always result in using code "1" as these are very small business asking for very small loans. We are using what they tell us for a DTI figure, but again getting no proof.