<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-1976-81494
**Date of Review:** 2025-07-26

This report summarizes the comprehensive underwriting review for the application submitted by Michael Ray. The request is for a New Home Purchase totaling $741,177.50. No specific purpose was detailed in the application's optional section.

**Applicant Profile & Financials:**
The applicant, born 1971-09-10, currently resides at 66171 Smith Brook Suite 707, Joneschester, WI 13344, where they have lived for 25 months. Identity was cross-verified using the provided SSN suffix (****-5884). All communications have been directed to twright@example.net.
The applicant's financial standing was evaluated based on submitted documentation. The reported annual income is $252,680.37. The primary credit bureau returned a score of 580. This results in a calculated debt-to-income (DTI) ratio of 50.00%. A review of liquid assets shows several accounts, including a Money Market account at Atkins-Silva with an average balance of $76,652.94 according to the statement dated 2025-06-22. 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 Marketable Securities with a reported value of $5,716,607.60. The most recent appraisal was conducted on 2025-05-21. The title search confirms its status as First_Lien.

**Risk Evaluation & Recommendation:**
Internal Memo: Applicant profile is generally positive, but the DTI of 0.5 is a moderate concern. Credit score of 580 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.
</data>
{
  "loan_application_id": "LLA-1976-81494",
  "applicant_details": {
    "name": "Michael Ray",
    "date_of_birth": "1971-09-10",
    "ssn_last_4_digits": "5884",
    "contact_info": {
      "email": "twright@example.net",
      "phone_number": "+1-285-694-0883x71390"
    },
    "residential_history": [
      {
        "address": "66171 Smith Brook Suite 707, Joneschester, WI 13344",
        "duration_months": 25,
        "is_current": true
      },
      {
        "address": "2066 Webb Crossing Suite 946, West Michael, VT 67087",
        "duration_months": 52,
        "is_current": false
      }
    ]
  },
  "loan_request": {
    "amount_requested": 741177.5,
    "loan_type": "New_Home_Purchase",
    "collateral": [
      {
        "asset_type": "Marketable Securities",
        "estimated_value": 5716607.6,
        "lien_status": "First_Lien",
        "appraisal_date": "2025-05-21"
      },
      {
        "asset_type": "Commercial Real Estate",
        "estimated_value": 8246213.31,
        "lien_status": "Unencumbered",
        "appraisal_date": "2025-07-13"
      }
    ]
  },
  "financial_summary": {
    "annual_income_usd": 252680.37,
    "debt_to_income_ratio": 0.5,
    "credit_score": 580,
    "bank_accounts": [
      {
        "bank_name": "Atkins-Silva",
        "account_type": "Money Market",
        "average_monthly_balance_usd": 76652.94,
        "last_statement_date": "2025-06-22"
      },
      {
        "bank_name": "Wilson, Rosales and Thompson",
        "account_type": "Investment",
        "average_monthly_balance_usd": 82583.74,
        "last_statement_date": "2025-07-11"
      },
      {
        "bank_name": "Hall, Lee and Barnes",
        "account_type": "Money Market",
        "average_monthly_balance_usd": 91999.36,
        "last_statement_date": "2025-06-24"
      }
    ]
  },
  "risk_assessment": {
    "underwriter_notes": "Applicant profile is generally positive, but the DTI of 0.5 is a moderate concern. Credit score of 580 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."
    ]
  },
  "application_status": "Pending_Conditions",
  "underwriting_date": "2025-07-26"
}