<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-2014-35653
**Date of Review:** 2025-08-05

This report summarizes the comprehensive underwriting review for the application submitted by Brian Snyder. The request is for a Mortgage Refinance totaling $874,713.79. No specific purpose was detailed in the application's optional section.

**Applicant Profile & Financials:**
The applicant, born 1992-11-04, currently resides at USCGC Mcdonald, FPO AA 74128, where they have lived for 62 months. Identity was cross-verified using the provided SSN suffix (****-3435). All communications have been directed to colton79@example.com.
The applicant's financial standing was evaluated based on submitted documentation. The reported annual income is $772,981.77. The primary credit bureau returned a score of 786. This results in a calculated debt-to-income (DTI) ratio of 57.00%. A review of liquid assets shows several accounts, including a Savings account at Larson-Sims with an average balance of $44,150.84 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 $7,319,879.71. The most recent appraisal was conducted on 2025-05-24. The title search confirms its status as Unencumbered.

**Risk Evaluation & Recommendation:**
Internal Memo: Applicant profile is generally positive, but the DTI of 0.57 is a moderate concern. Credit score of 786 is acceptable. Recommend approval subject to verification of liquid assets. This assessment yields a composite risk score of 79 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.
2. Proof of hazard insurance for the subject property.
3. Receipt of updated bank statements showing sufficient closing funds.
</data>
{
  "loan_application_id": "LLA-2014-35653",
  "applicant_details": {
    "name": "Brian Snyder",
    "date_of_birth": "1992-11-04",
    "ssn_last_4_digits": "3435",
    "contact_info": {
      "email": "colton79@example.com",
      "phone_number": "+1-891-322-2494x7924"
    },
    "residential_history": [
      {
        "address": "USCGC Mcdonald, FPO AA 74128",
        "duration_months": 62,
        "is_current": true
      },
      {
        "address": "817 Danielle Mountain, Adamsberg, NC 73947",
        "duration_months": 67,
        "is_current": false
      },
      {
        "address": "48600 Miller Forges, Jenniferfurt, NY 42638",
        "duration_months": 38,
        "is_current": false
      }
    ]
  },
  "loan_request": {
    "amount_requested": 874713.79,
    "loan_type": "Mortgage_Refinance",
    "collateral": [
      {
        "asset_type": "Business Equipment",
        "estimated_value": 7319879.71,
        "lien_status": "Unencumbered",
        "appraisal_date": "2025-05-24"
      },
      {
        "asset_type": "Residential Property",
        "estimated_value": 5628756.55,
        "lien_status": "Second_Lien",
        "appraisal_date": "2025-07-15"
      }
    ]
  },
  "financial_summary": {
    "annual_income_usd": 772981.77,
    "debt_to_income_ratio": 0.57,
    "credit_score": 786,
    "bank_accounts": [
      {
        "bank_name": "Larson-Sims",
        "account_type": "Savings",
        "average_monthly_balance_usd": 44150.84,
        "last_statement_date": "2025-07-08"
      },
      {
        "bank_name": "Scott, Smith and Spence",
        "account_type": "Savings",
        "average_monthly_balance_usd": 56705.55,
        "last_statement_date": "2025-06-27"
      },
      {
        "bank_name": "Lester Ltd",
        "account_type": "Checking",
        "average_monthly_balance_usd": 65106.41,
        "last_statement_date": "2025-07-04"
      },
      {
        "bank_name": "Hall LLC",
        "account_type": "Money Market",
        "average_monthly_balance_usd": 57077.04,
        "last_statement_date": "2025-06-28"
      }
    ]
  },
  "risk_assessment": {
    "underwriter_notes": "Applicant profile is generally positive, but the DTI of 0.57 is a moderate concern. Credit score of 786 is acceptable. Recommend approval subject to verification of liquid assets.",
    "risk_score_out_of_100": 79,
    "recommended_action": "Approve_with_Conditions",
    "conditions_for_approval": [
      "Verification of employment for the last 24 months.",
      "Proof of hazard insurance for the subject property.",
      "Receipt of updated bank statements showing sufficient closing funds."
    ]
  },
  "application_status": "Pending_Conditions",
  "underwriting_date": "2025-08-05"
}