<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-2008-74291
**Date of Review:** 2025-07-17

This report summarizes the comprehensive underwriting review for the application submitted by Charles Lee. The request is for a Business Expansion Loan totaling $769,788.95. No specific purpose was detailed in the application's optional section.

**Applicant Profile & Financials:**
The applicant, born 1965-07-04, currently resides at 789 Clifford Shoals, Valerieland, NC 46656, where they have lived for 68 months. Identity was cross-verified using the provided SSN suffix (****-8380). All communications have been directed to michelle80@example.com.
The applicant's financial standing was evaluated based on submitted documentation. The reported annual income is $614,447.55. The primary credit bureau returned a score of 757. This results in a calculated debt-to-income (DTI) ratio of 61.00%. A review of liquid assets shows several accounts, including a Money Market account at Sullivan-Trevino with an average balance of $39,717.11 according to the statement dated 2025-06-19. 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 $7,579,992.29. The most recent appraisal was conducted on 2025-07-04. The title search confirms its status as First_Lien.

**Risk Evaluation & Recommendation:**
Internal Memo: Applicant profile is generally positive, but the DTI of 0.61 is a moderate concern. Credit score of 757 is acceptable. Recommend approval subject to verification of liquid assets. This assessment yields a composite risk score of 76 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.
3. Verification of employment for the last 24 months.
</data>
{
  "loan_application_id": "LLA-2008-74291",
  "applicant_details": {
    "name": "Charles Lee",
    "date_of_birth": "1965-07-04",
    "ssn_last_4_digits": "8380",
    "contact_info": {
      "email": "michelle80@example.com",
      "phone_number": "001-567-636-6127x4468"
    },
    "residential_history": [
      {
        "address": "789 Clifford Shoals, Valerieland, NC 46656",
        "duration_months": 68,
        "is_current": true
      },
      {
        "address": "USNV Miller, FPO AA 27318",
        "duration_months": 41,
        "is_current": false
      }
    ]
  },
  "loan_request": {
    "amount_requested": 769788.95,
    "loan_type": "Business_Expansion_Loan",
    "collateral": [
      {
        "asset_type": "Business Equipment",
        "estimated_value": 7579992.29,
        "lien_status": "First_Lien",
        "appraisal_date": "2025-07-04"
      },
      {
        "asset_type": "Residential Property",
        "estimated_value": 2465927.14,
        "lien_status": "Unencumbered",
        "appraisal_date": "2025-07-08"
      }
    ]
  },
  "financial_summary": {
    "annual_income_usd": 614447.55,
    "debt_to_income_ratio": 0.61,
    "credit_score": 757,
    "bank_accounts": [
      {
        "bank_name": "Sullivan-Trevino",
        "account_type": "Money Market",
        "average_monthly_balance_usd": 39717.11,
        "last_statement_date": "2025-06-19"
      },
      {
        "bank_name": "Jenkins-Perez",
        "account_type": "Savings",
        "average_monthly_balance_usd": 31150.33,
        "last_statement_date": "2025-06-19"
      }
    ]
  },
  "risk_assessment": {
    "underwriter_notes": "Applicant profile is generally positive, but the DTI of 0.61 is a moderate concern. Credit score of 757 is acceptable. Recommend approval subject to verification of liquid assets.",
    "risk_score_out_of_100": 76,
    "recommended_action": "Approve_with_Conditions",
    "conditions_for_approval": [
      "Satisfactory final appraisal report.",
      "Receipt of updated bank statements showing sufficient closing funds.",
      "Verification of employment for the last 24 months."
    ]
  },
  "application_status": "Pending_Conditions",
  "underwriting_date": "2025-07-17"
}