<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-1994-41041
**Date of Review:** 2025-07-27

This report summarizes the comprehensive underwriting review for the application submitted by Joshua Simpson. The request is for a Mortgage Refinance totaling $725,553.95. No specific purpose was detailed in the application's optional section.

**Applicant Profile & Financials:**
The applicant, born 1968-11-01, currently resides at 129 Heather Valleys, Katieton, FL 97325, where they have lived for 26 months. Identity was cross-verified using the provided SSN suffix (****-5438). All communications have been directed to heidijones@example.com.
The applicant's financial standing was evaluated based on submitted documentation. The reported annual income is $898,211.32. The primary credit bureau returned a score of 637. This results in a calculated debt-to-income (DTI) ratio of 61.00%. A review of liquid assets shows several accounts, including a Savings account at Francis, Thornton and Moody with an average balance of $42,742.48 according to the statement dated 2025-06-14. 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 0.61 is a moderate concern. Credit score of 637 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-1994-41041",
  "applicant_details": {
    "name": "Joshua Simpson",
    "date_of_birth": "1968-11-01",
    "ssn_last_4_digits": "5438",
    "contact_info": {
      "email": "heidijones@example.com",
      "phone_number": "2249493508"
    },
    "residential_history": [
      {
        "address": "129 Heather Valleys, Katieton, FL 97325",
        "duration_months": 26,
        "is_current": true
      },
      {
        "address": "471 Robert Manor, Port Tristanmouth, AS 75113",
        "duration_months": 65,
        "is_current": false
      },
      {
        "address": "0862 Hall Isle, Velezhaven, HI 46846",
        "duration_months": 55,
        "is_current": false
      }
    ]
  },
  "loan_request": {
    "amount_requested": 725553.95,
    "loan_type": "Mortgage_Refinance"
  },
  "financial_summary": {
    "annual_income_usd": 898211.32,
    "debt_to_income_ratio": 0.61,
    "credit_score": 637,
    "bank_accounts": [
      {
        "bank_name": "Francis, Thornton and Moody",
        "account_type": "Savings",
        "average_monthly_balance_usd": 42742.48,
        "last_statement_date": "2025-06-14"
      },
      {
        "bank_name": "Wilson-Ryan",
        "account_type": "Investment",
        "average_monthly_balance_usd": 41048.23,
        "last_statement_date": "2025-06-17"
      },
      {
        "bank_name": "Flores Group",
        "account_type": "Savings",
        "average_monthly_balance_usd": 17457.36,
        "last_statement_date": "2025-06-23"
      }
    ]
  },
  "risk_assessment": {
    "underwriter_notes": "Applicant profile is generally positive, but the DTI of 0.61 is a moderate concern. Credit score of 637 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": "2025-07-27"
}