<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-1981-94158
**Date of Review:** 2025-08-11

This report summarizes the comprehensive underwriting review for the application submitted by Derrick Kim. The request is for a Mortgage Refinance totaling $228,764.91. The specified purpose for the funds is: 'Yet organization moment act stand play story huge baby about camera.'.

**Applicant Profile & Financials:**
The applicant, born 1998-11-20, currently resides at 3159 Sandra Parks Suite 207, Lake Michael, NE 04004, where they have lived for 57 months. Identity was cross-verified using the provided SSN suffix (****-4028). All communications have been directed to timothy05@example.net.
The applicant's financial standing was evaluated based on submitted documentation. The reported annual income is $463,267.75. The primary credit bureau returned a score of 578. This results in a calculated debt-to-income (DTI) ratio of 27.00%. A review of liquid assets shows several accounts, including a Money Market account at Aguilar Group with an average balance of $19,457.21 according to the statement dated 2025-07-03. Market conditions have been stable, although we noted a slight dip in the index last Tuesday, which is considered immaterial to this assessment.

**Risk Evaluation & Recommendation:**
Internal Memo: Applicant profile is generally positive, but the DTI of 0.27 is a moderate concern. Credit score of 578 is acceptable. Recommend approval subject to verification of liquid assets. This assessment yields a composite risk score of 75 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. Proof of hazard insurance for the subject property.
</data>
{
  "loan_application_id": "LLA-1981-94158",
  "applicant_details": {
    "name": "Derrick Kim",
    "date_of_birth": "1998-11-20",
    "ssn_last_4_digits": "4028",
    "contact_info": {
      "email": "timothy05@example.net",
      "phone_number": "+1-504-581-0007x74229"
    },
    "residential_history": [
      {
        "address": "3159 Sandra Parks Suite 207, Lake Michael, NE 04004",
        "duration_months": 57,
        "is_current": true
      },
      {
        "address": "451 Taylor Walk, West Madeline, PR 78943",
        "duration_months": 47,
        "is_current": false
      }
    ]
  },
  "loan_request": {
    "amount_requested": 228764.91,
    "loan_type": "Mortgage_Refinance",
    "loan_purpose": "Yet organization moment act stand play story huge baby about camera."
  },
  "financial_summary": {
    "annual_income_usd": 463267.75,
    "debt_to_income_ratio": 0.27,
    "credit_score": 578,
    "bank_accounts": [
      {
        "bank_name": "Aguilar Group",
        "account_type": "Money Market",
        "average_monthly_balance_usd": 19457.21,
        "last_statement_date": "2025-07-03"
      },
      {
        "bank_name": "Martin, Cruz and Davis",
        "account_type": "Checking",
        "average_monthly_balance_usd": 67060.18,
        "last_statement_date": "2025-06-23"
      }
    ]
  },
  "risk_assessment": {
    "underwriter_notes": "Applicant profile is generally positive, but the DTI of 0.27 is a moderate concern. Credit score of 578 is acceptable. Recommend approval subject to verification of liquid assets.",
    "risk_score_out_of_100": 75,
    "recommended_action": "Approve_with_Conditions",
    "conditions_for_approval": [
      "Receipt of updated bank statements showing sufficient closing funds.",
      "Proof of hazard insurance for the subject property."
    ]
  },
  "application_status": "Pending_Conditions",
  "underwriting_date": "2025-08-11"
}