<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-1970-28207
**Date of Review:** 2025-07-18

This report summarizes the comprehensive underwriting review for the application submitted by Katherine Miller. The request is for a Business Expansion Loan totaling $696,851.31. No specific purpose was detailed in the application's optional section.

**Applicant Profile & Financials:**
The applicant, born 1973-06-20, currently resides at 00822 Megan Flat Apt. 962, North Tanyaview, AR 08350, where they have lived for 35 months. Identity was cross-verified using the provided SSN suffix (****-5840). All communications have been directed to jeffreywalker@example.com.
The applicant's financial standing was evaluated based on submitted documentation. The reported annual income is $452,640.92. The primary credit bureau returned a score of 791. This results in a calculated debt-to-income (DTI) ratio of 29.00%. A review of liquid assets shows several accounts, including a Savings account at Perry-Harper with an average balance of $23,522.74 according to the statement dated 2025-06-26. 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 $7,935,023.20. The most recent appraisal was conducted on 2025-07-25. The title search confirms its status as Unencumbered.

**Risk Evaluation & Recommendation:**
Internal Memo: Applicant has strong credit history (791) and stable employment. Collateral valuation is robust. Debt-to-income ratio (0.29) is well within acceptable limits. Low risk profile identified. This assessment yields a composite risk score of 87 out of 100.
**Final Decision:** Based on the factors outlined, the recommended action is **Approve with Standard Terms**. The system status for this application has been updated to 'Approved'.
</data>
{
  "loan_application_id": "LLA-1970-28207",
  "applicant_details": {
    "name": "Katherine Miller",
    "date_of_birth": "1973-06-20",
    "ssn_last_4_digits": "5840",
    "contact_info": {
      "email": "jeffreywalker@example.com",
      "phone_number": "001-686-228-2986x96954"
    },
    "residential_history": [
      {
        "address": "00822 Megan Flat Apt. 962, North Tanyaview, AR 08350",
        "duration_months": 35,
        "is_current": true
      },
      {
        "address": "PSC 9148, Box 4045, APO AP 94865",
        "duration_months": 20,
        "is_current": false
      },
      {
        "address": "4517 Clark Union Suite 964, Port Michaela, WV 69997",
        "duration_months": 66,
        "is_current": false
      }
    ]
  },
  "loan_request": {
    "amount_requested": 696851.31,
    "loan_type": "Business_Expansion_Loan",
    "collateral": [
      {
        "asset_type": "Marketable Securities",
        "estimated_value": 7935023.2,
        "lien_status": "Unencumbered",
        "appraisal_date": "2025-07-25"
      },
      {
        "asset_type": "Business Equipment",
        "estimated_value": 7667553.79,
        "lien_status": "Unencumbered",
        "appraisal_date": "2025-08-12"
      }
    ]
  },
  "financial_summary": {
    "annual_income_usd": 452640.92,
    "debt_to_income_ratio": 0.29,
    "credit_score": 791,
    "bank_accounts": [
      {
        "bank_name": "Perry-Harper",
        "account_type": "Savings",
        "average_monthly_balance_usd": 23522.74,
        "last_statement_date": "2025-06-26"
      },
      {
        "bank_name": "Andrews Ltd",
        "account_type": "Savings",
        "average_monthly_balance_usd": 74670.04,
        "last_statement_date": "2025-07-06"
      },
      {
        "bank_name": "Herring PLC",
        "account_type": "Checking",
        "average_monthly_balance_usd": 68552.07,
        "last_statement_date": "2025-06-23"
      }
    ]
  },
  "risk_assessment": {
    "underwriter_notes": "Applicant has strong credit history (791) and stable employment. Collateral valuation is robust. Debt-to-income ratio (0.29) is well within acceptable limits. Low risk profile identified.",
    "risk_score_out_of_100": 87,
    "recommended_action": "Approve_with_Standard_Terms"
  },
  "application_status": "Approved",
  "underwriting_date": "2025-07-18"
}