<format type="json">{loan_application_id: string, applicant_details: {name: string, date_of_birth: date, ssn_last_4_digits: string, contact_info: {email: string, phone_number: string}, residential_history: list[{address: string, duration_months: number, is_current: boolean}]}, loan_request: {amount_requested: number, loan_type: string, loan_purpose: string optional, collateral: list[{asset_type: string, estimated_value: number, lien_status: string, appraisal_date: date optional}] optional}, financial_summary: {annual_income_usd: number, debt_to_income_ratio: number, credit_score: number, bank_accounts: list[{bank_name: string, account_type: string, average_monthly_balance_usd: number, last_statement_date: date}]}, risk_assessment: {underwriter_notes: string, risk_score_out_of_100: number, recommended_action: string, conditions_for_approval: list[string] optional}, application_status: string, underwriting_date: date}</format> <data>**CONFIDENTIAL: UNDERWRITING ASSESSMENT REPORT**

**File Reference:** LLA-1989-22864
**Date of Review:** 2025-07-15

This report summarizes the comprehensive underwriting review for the application submitted by Harry Ray. The request is for a Mortgage Refinance totaling $669,004.30. The specified purpose for the funds is: 'Personal main front author return none.'.

**Applicant Profile & Financials:**
The applicant, born 1978-11-20, currently resides at 029 Mary Light Suite 963, Deannaview, NH 79772, where they have lived for 33 months. Identity was cross-verified using the provided SSN suffix (****-1945). All communications have been directed to christopherfowler@example.com.
The applicant's financial standing was evaluated based on submitted documentation. The reported annual income is $925,417.84. The primary credit bureau returned a score of 621. This results in a calculated debt-to-income (DTI) ratio of 61.00%. A review of liquid assets shows several accounts, including a Investment account at Barnett Group with an average balance of $73,930.38 according to the statement dated 2025-06-15. Market conditions have been stable, although we noted a slight dip in the index last Tuesday, which is considered immaterial to this assessment.

**Collateral Assessment:**
The loan is to be secured by a Business Equipment with a reported value of $5,167,194.81. The most recent appraisal was conducted on 2025-07-19. The title search confirms its status as First_Lien.

**Risk Evaluation & Recommendation:**
Internal Memo: Applicant profile is generally positive, but the DTI of 0.61 is a moderate concern. Credit score of 621 is acceptable. Recommend approval subject to verification of liquid assets. This assessment yields a composite risk score of 68 out of 100.
**Final Decision:** Based on the factors outlined, the recommended action is **Approve with Conditions**. The system status for this application has been updated to 'Pending_Conditions'.
**Stipulations for Funding:**
1. Verification of employment for the last 24 months.
</data>
{
  "loan_application_id": "LLA-1989-22864",
  "applicant_details": {
    "name": "Harry Ray",
    "date_of_birth": "1978-11-20",
    "ssn_last_4_digits": "1945",
    "contact_info": {
      "email": "christopherfowler@example.com",
      "phone_number": "+1-519-502-8448x4840"
    },
    "residential_history": [
      {
        "address": "029 Mary Light Suite 963, Deannaview, NH 79772",
        "duration_months": 33,
        "is_current": true
      },
      {
        "address": "3837 Moore Meadow, New Joshuafurt, MP 31977",
        "duration_months": 55,
        "is_current": false
      }
    ]
  },
  "loan_request": {
    "amount_requested": 669004.3,
    "loan_type": "Mortgage_Refinance",
    "loan_purpose": "Personal main front author return none.",
    "collateral": [
      {
        "asset_type": "Business Equipment",
        "estimated_value": 5167194.81,
        "lien_status": "First_Lien",
        "appraisal_date": "2025-07-19"
      },
      {
        "asset_type": "Marketable Securities",
        "estimated_value": 7413052.16,
        "lien_status": "Second_Lien",
        "appraisal_date": "2025-05-24"
      }
    ]
  },
  "financial_summary": {
    "annual_income_usd": 925417.84,
    "debt_to_income_ratio": 0.61,
    "credit_score": 621,
    "bank_accounts": [
      {
        "bank_name": "Barnett Group",
        "account_type": "Investment",
        "average_monthly_balance_usd": 73930.38,
        "last_statement_date": "2025-06-15"
      },
      {
        "bank_name": "Griffith, Garner and Daniel",
        "account_type": "Savings",
        "average_monthly_balance_usd": 72060.54,
        "last_statement_date": "2025-07-10"
      }
    ]
  },
  "risk_assessment": {
    "underwriter_notes": "Applicant profile is generally positive, but the DTI of 0.61 is a moderate concern. Credit score of 621 is acceptable. Recommend approval subject to verification of liquid assets.",
    "risk_score_out_of_100": 68,
    "recommended_action": "Approve_with_Conditions",
    "conditions_for_approval": [
      "Verification of employment for the last 24 months."
    ]
  },
  "application_status": "Pending_Conditions",
  "underwriting_date": "2025-07-15"
}