<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-2003-20552
**Date of Review:** 2025-08-04

This report summarizes the comprehensive underwriting review for the application submitted by Jordan Chase. The request is for a Business Expansion Loan totaling $621,861.15. No specific purpose was detailed in the application's optional section.

**Applicant Profile & Financials:**
The applicant, born 1962-05-02, currently resides at 47640 Lisa Mountain Suite 771, Sheliafort, NJ 06062, where they have lived for 54 months. Identity was cross-verified using the provided SSN suffix (****-3532). All communications have been directed to brendajackson@example.net.
The applicant's financial standing was evaluated based on submitted documentation. The reported annual income is $918,104.92. The primary credit bureau returned a score of 561. This results in a calculated debt-to-income (DTI) ratio of 46.00%. A review of liquid assets shows several accounts, including a Checking account at Curtis-Murillo with an average balance of $31,098.25 according to the statement dated 2025-07-05. 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 Residential Property with a reported value of $5,375,525.04. The most recent appraisal was conducted on 2025-07-24. The title search confirms its status as First_Lien.

**Risk Evaluation & Recommendation:**
Internal Memo: Applicant profile is generally positive, but the DTI of 0.46 is a moderate concern. Credit score of 561 is acceptable. Recommend approval subject to verification of liquid assets. This assessment yields a composite risk score of 69 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. Satisfactory final appraisal report.
2. Receipt of updated bank statements showing sufficient closing funds.
</data>
{
  "loan_application_id": "LLA-2003-20552",
  "applicant_details": {
    "name": "Jordan Chase",
    "date_of_birth": "1962-05-02",
    "ssn_last_4_digits": "3532",
    "contact_info": {
      "email": "brendajackson@example.net",
      "phone_number": "680.279.3832x95609"
    },
    "residential_history": [
      {
        "address": "47640 Lisa Mountain Suite 771, Sheliafort, NJ 06062",
        "duration_months": 54,
        "is_current": true
      },
      {
        "address": "19236 Deborah Road Suite 281, Stevenshaven, PW 69567",
        "duration_months": 22,
        "is_current": false
      },
      {
        "address": "672 Bryant Court Apt. 459, North Jessicafurt, NV 63049",
        "duration_months": 54,
        "is_current": false
      }
    ]
  },
  "loan_request": {
    "amount_requested": 621861.15,
    "loan_type": "Business_Expansion_Loan",
    "collateral": [
      {
        "asset_type": "Residential Property",
        "estimated_value": 5375525.04,
        "lien_status": "First_Lien",
        "appraisal_date": "2025-07-24"
      }
    ]
  },
  "financial_summary": {
    "annual_income_usd": 918104.92,
    "debt_to_income_ratio": 0.46,
    "credit_score": 561,
    "bank_accounts": [
      {
        "bank_name": "Curtis-Murillo",
        "account_type": "Checking",
        "average_monthly_balance_usd": 31098.25,
        "last_statement_date": "2025-07-05"
      },
      {
        "bank_name": "Bailey-Smith",
        "account_type": "Checking",
        "average_monthly_balance_usd": 55982.47,
        "last_statement_date": "2025-06-23"
      },
      {
        "bank_name": "Fernandez LLC",
        "account_type": "Money Market",
        "average_monthly_balance_usd": 93444.49,
        "last_statement_date": "2025-07-01"
      },
      {
        "bank_name": "Wood-Clements",
        "account_type": "Checking",
        "average_monthly_balance_usd": 17642.29,
        "last_statement_date": "2025-06-17"
      }
    ]
  },
  "risk_assessment": {
    "underwriter_notes": "Applicant profile is generally positive, but the DTI of 0.46 is a moderate concern. Credit score of 561 is acceptable. Recommend approval subject to verification of liquid assets.",
    "risk_score_out_of_100": 69,
    "recommended_action": "Approve_with_Conditions",
    "conditions_for_approval": [
      "Satisfactory final appraisal report.",
      "Receipt of updated bank statements showing sufficient closing funds."
    ]
  },
  "application_status": "Pending_Conditions",
  "underwriting_date": "2025-08-04"
}