Fellow underwriters what do you do for VOI on OTR Truck Drivers who have not filed a tax return and can only provide a recent 1099 or earnings statement. My institution does not use 1099 as historically this income is before expenses. Our traditional practice is tax returns but we have seen a large uptick in people transitioning into this line of work who don’t have a TR yet. I was thinking institute the practice of taking RMA’s EBIDA% based on the 1099/earning statement? Any other thoughts?

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If they have at least a prior year filed, I'd use the same % of expenses from the prior year. When projecting, it's all "guess" work anyway. The best practice is to explain what you used and how/why you did what you did, and if you feel confident, it will continue for repayment purposes.

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