<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-2013-59364
**Date of Review:** 2025-07-28

This report summarizes the comprehensive underwriting review for the application submitted by Theresa Haley. The request is for a Mortgage Refinance totaling $633,229.37. The specified purpose for the funds is: 'Big common who without new health agree within.'.

**Applicant Profile & Financials:**
The applicant, born 1994-10-02, currently resides at 887 William Pines Suite 499, Patrickmouth, PA 50534, where they have lived for 38 months. Identity was cross-verified using the provided SSN suffix (****-3848). All communications have been directed to nturner@example.net.
The applicant's financial standing was evaluated based on submitted documentation. The reported annual income is $602,124.90. The primary credit bureau returned a score of 584. This results in a calculated debt-to-income (DTI) ratio of 48.00%. A review of liquid assets shows several accounts, including a Savings account at Mcneil LLC with an average balance of $46,212.35 according to the statement dated 2025-06-28. 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 $4,321,130.36. The most recent appraisal was conducted on 2025-06-19. The title search confirms its status as First_Lien.

**Risk Evaluation & Recommendation:**
Internal Memo: Applicant profile is generally positive, but the DTI of 0.48 is a moderate concern. Credit score of 584 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. Proof of hazard insurance for the subject property.
2. Receipt of updated bank statements showing sufficient closing funds.
3. Verification of employment for the last 24 months.
</data>
{
  "loan_application_id": "LLA-2013-59364",
  "applicant_details": {
    "name": "Theresa Haley",
    "date_of_birth": "1994-10-02",
    "ssn_last_4_digits": "3848",
    "contact_info": {
      "email": "nturner@example.net",
      "phone_number": "001-550-229-8003x86830"
    },
    "residential_history": [
      {
        "address": "887 William Pines Suite 499, Patrickmouth, PA 50534",
        "duration_months": 38,
        "is_current": true
      },
      {
        "address": "08996 Tracy Islands Apt. 037, New Tamara, GU 87079",
        "duration_months": 55,
        "is_current": false
      },
      {
        "address": "1226 Carr Springs, New Kyleborough, TN 79845",
        "duration_months": 69,
        "is_current": false
      }
    ]
  },
  "loan_request": {
    "amount_requested": 633229.37,
    "loan_type": "Mortgage_Refinance",
    "loan_purpose": "Big common who without new health agree within.",
    "collateral": [
      {
        "asset_type": "Business Equipment",
        "estimated_value": 4321130.36,
        "lien_status": "First_Lien",
        "appraisal_date": "2025-06-19"
      },
      {
        "asset_type": "Marketable Securities",
        "estimated_value": 1136639.22,
        "lien_status": "Second_Lien",
        "appraisal_date": "2025-06-04"
      }
    ]
  },
  "financial_summary": {
    "annual_income_usd": 602124.9,
    "debt_to_income_ratio": 0.48,
    "credit_score": 584,
    "bank_accounts": [
      {
        "bank_name": "Mcneil LLC",
        "account_type": "Savings",
        "average_monthly_balance_usd": 46212.35,
        "last_statement_date": "2025-06-28"
      },
      {
        "bank_name": "Obrien-Jordan",
        "account_type": "Checking",
        "average_monthly_balance_usd": 86449.75,
        "last_statement_date": "2025-06-25"
      },
      {
        "bank_name": "Lyons, Barnes and Solomon",
        "account_type": "Checking",
        "average_monthly_balance_usd": 20846.18,
        "last_statement_date": "2025-06-16"
      },
      {
        "bank_name": "Lee-Hernandez",
        "account_type": "Money Market",
        "average_monthly_balance_usd": 64876.24,
        "last_statement_date": "2025-06-18"
      }
    ]
  },
  "risk_assessment": {
    "underwriter_notes": "Applicant profile is generally positive, but the DTI of 0.48 is a moderate concern. Credit score of 584 is acceptable. Recommend approval subject to verification of liquid assets.",
    "risk_score_out_of_100": 69,
    "recommended_action": "Approve_with_Conditions",
    "conditions_for_approval": [
      "Proof of hazard insurance for the subject property.",
      "Receipt of updated bank statements showing sufficient closing funds.",
      "Verification of employment for the last 24 months."
    ]
  },
  "application_status": "Pending_Conditions",
  "underwriting_date": "2025-07-28"
}