<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-2012-74601
**Date of Review:** 2025-07-25

This report summarizes the comprehensive underwriting review for the application submitted by Sheryl Massey. The request is for a Mortgage Refinance totaling $397,805.73. The specified purpose for the funds is: 'Finish vote close exactly specific stop visit position as.'.

**Applicant Profile & Financials:**
The applicant, born 1998-12-17, currently resides at 0894 Miles Locks, Parkermouth, FM 41128, where they have lived for 53 months. Identity was cross-verified using the provided SSN suffix (****-4657). All communications have been directed to steven61@example.org.
The applicant's financial standing was evaluated based on submitted documentation. The reported annual income is $667,492.33. The primary credit bureau returned a score of 606. This results in a calculated debt-to-income (DTI) ratio of 16.00%. A review of liquid assets shows several accounts, including a Savings account at Turner, Fernandez and Casey with an average balance of $78,764.64 according to the statement dated 2025-06-29. 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 Commercial Real Estate with a reported value of $6,207,490.93. The title search confirms its status as Unencumbered.

**Risk Evaluation & Recommendation:**
Internal Memo: Applicant profile is generally positive, but the DTI of 0.16 is a moderate concern. Credit score of 606 is acceptable. Recommend approval subject to verification of liquid assets. This assessment yields a composite risk score of 80 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. Receipt of updated bank statements showing sufficient closing funds.
2. Verification of employment for the last 24 months.
3. Satisfactory final appraisal report.
</data>
{
  "loan_application_id": "LLA-2012-74601",
  "applicant_details": {
    "name": "Sheryl Massey",
    "date_of_birth": "1998-12-17",
    "ssn_last_4_digits": "4657",
    "contact_info": {
      "email": "steven61@example.org",
      "phone_number": "778.271.8616x17536"
    },
    "residential_history": [
      {
        "address": "0894 Miles Locks, Parkermouth, FM 41128",
        "duration_months": 53,
        "is_current": true
      },
      {
        "address": "222 James Land, West Josephburgh, MI 19911",
        "duration_months": 22,
        "is_current": false
      }
    ]
  },
  "loan_request": {
    "amount_requested": 397805.73,
    "loan_type": "Mortgage_Refinance",
    "loan_purpose": "Finish vote close exactly specific stop visit position as.",
    "collateral": [
      {
        "asset_type": "Commercial Real Estate",
        "estimated_value": 6207490.93,
        "lien_status": "Unencumbered"
      },
      {
        "asset_type": "Residential Property",
        "estimated_value": 5969344.24,
        "lien_status": "Second_Lien"
      }
    ]
  },
  "financial_summary": {
    "annual_income_usd": 667492.33,
    "debt_to_income_ratio": 0.16,
    "credit_score": 606,
    "bank_accounts": [
      {
        "bank_name": "Turner, Fernandez and Casey",
        "account_type": "Savings",
        "average_monthly_balance_usd": 78764.64,
        "last_statement_date": "2025-06-29"
      },
      {
        "bank_name": "Ray, Burton and Buckley",
        "account_type": "Savings",
        "average_monthly_balance_usd": 69335.59,
        "last_statement_date": "2025-06-14"
      },
      {
        "bank_name": "Phillips-Maynard",
        "account_type": "Savings",
        "average_monthly_balance_usd": 32140.9,
        "last_statement_date": "2025-06-19"
      }
    ]
  },
  "risk_assessment": {
    "underwriter_notes": "Applicant profile is generally positive, but the DTI of 0.16 is a moderate concern. Credit score of 606 is acceptable. Recommend approval subject to verification of liquid assets.",
    "risk_score_out_of_100": 80,
    "recommended_action": "Approve_with_Conditions",
    "conditions_for_approval": [
      "Receipt of updated bank statements showing sufficient closing funds.",
      "Verification of employment for the last 24 months.",
      "Satisfactory final appraisal report."
    ]
  },
  "application_status": "Pending_Conditions",
  "underwriting_date": "2025-07-25"
}