<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-1982-39316
**Date of Review:** 2025-07-23

This report summarizes the comprehensive underwriting review for the application submitted by Susan Estrada. The request is for a Mortgage Refinance totaling $515,914.34. No specific purpose was detailed in the application's optional section.

**Applicant Profile & Financials:**
The applicant, born 1966-02-25, currently resides at 652 Richard Vista Suite 183, Navarroland, AS 76554, where they have lived for 66 months. Identity was cross-verified using the provided SSN suffix (****-6354). All communications have been directed to heather87@example.com.
The applicant's financial standing was evaluated based on submitted documentation. The reported annual income is $262,886.10. The primary credit bureau returned a score of 775. This results in a calculated debt-to-income (DTI) ratio of 62.00%. A review of liquid assets shows several accounts, including a Investment account at Smith LLC with an average balance of $28,938.33 according to the statement dated 2025-07-08. 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 $2,814,664.81. The most recent appraisal was conducted on 2025-06-02. The title search confirms its status as Second_Lien.

**Risk Evaluation & Recommendation:**
Internal Memo: Applicant profile is generally positive, but the DTI of 0.62 is a moderate concern. Credit score of 775 is acceptable. Recommend approval subject to verification of liquid assets. This assessment yields a composite risk score of 76 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-1982-39316",
  "applicant_details": {
    "name": "Susan Estrada",
    "date_of_birth": "1966-02-25",
    "ssn_last_4_digits": "6354",
    "contact_info": {
      "email": "heather87@example.com",
      "phone_number": "+1-270-987-7111x41932"
    },
    "residential_history": [
      {
        "address": "652 Richard Vista Suite 183, Navarroland, AS 76554",
        "duration_months": 66,
        "is_current": true
      },
      {
        "address": "300 Martinez Throughway Apt. 897, Lake Heathermouth, HI 63249",
        "duration_months": 23,
        "is_current": false
      },
      {
        "address": "01575 Kimberly Shore, New Ronald, LA 09363",
        "duration_months": 65,
        "is_current": false
      }
    ]
  },
  "loan_request": {
    "amount_requested": 515914.34,
    "loan_type": "Mortgage_Refinance",
    "collateral": [
      {
        "asset_type": "Business Equipment",
        "estimated_value": 2814664.81,
        "lien_status": "Second_Lien",
        "appraisal_date": "2025-06-02"
      }
    ]
  },
  "financial_summary": {
    "annual_income_usd": 262886.1,
    "debt_to_income_ratio": 0.62,
    "credit_score": 775,
    "bank_accounts": [
      {
        "bank_name": "Smith LLC",
        "account_type": "Investment",
        "average_monthly_balance_usd": 28938.33,
        "last_statement_date": "2025-07-08"
      },
      {
        "bank_name": "Gordon-Hansen",
        "account_type": "Savings",
        "average_monthly_balance_usd": 87259.08,
        "last_statement_date": "2025-07-06"
      },
      {
        "bank_name": "Garza PLC",
        "account_type": "Savings",
        "average_monthly_balance_usd": 95882.4,
        "last_statement_date": "2025-06-29"
      }
    ]
  },
  "risk_assessment": {
    "underwriter_notes": "Applicant profile is generally positive, but the DTI of 0.62 is a moderate concern. Credit score of 775 is acceptable. Recommend approval subject to verification of liquid assets.",
    "risk_score_out_of_100": 76,
    "recommended_action": "Approve_with_Conditions",
    "conditions_for_approval": [
      "Verification of employment for the last 24 months."
    ]
  },
  "application_status": "Pending_Conditions",
  "underwriting_date": "2025-07-23"
}