<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-1996-13458
**Date of Review:** 2025-07-14

This report summarizes the comprehensive underwriting review for the application submitted by Brian Vargas. The request is for a Business Expansion Loan totaling $685,150.46. No specific purpose was detailed in the application's optional section.

**Applicant Profile & Financials:**
The applicant, born 1975-12-02, currently resides at 875 Cynthia Vista, North Susanmouth, VA 80643, where they have lived for 48 months. Identity was cross-verified using the provided SSN suffix (****-6612). All communications have been directed to john47@example.org.
The applicant's financial standing was evaluated based on submitted documentation. The reported annual income is $428,087.72. The primary credit bureau returned a score of 674. This results in a calculated debt-to-income (DTI) ratio of 25.00%. A review of liquid assets shows several accounts, including a Savings account at Brady Group with an average balance of $52,710.77 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 $3,093,296.99. The title search confirms its status as Unencumbered.

**Risk Evaluation & Recommendation:**
Internal Memo: Applicant has strong credit history (674) and stable employment. Collateral valuation is robust. Debt-to-income ratio (0.25) is well within acceptable limits. Low risk profile identified. This assessment yields a composite risk score of 82 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-1996-13458",
  "applicant_details": {
    "name": "Brian Vargas",
    "date_of_birth": "1975-12-02",
    "ssn_last_4_digits": "6612",
    "contact_info": {
      "email": "john47@example.org",
      "phone_number": "824-947-7091"
    },
    "residential_history": [
      {
        "address": "875 Cynthia Vista, North Susanmouth, VA 80643",
        "duration_months": 48,
        "is_current": true
      },
      {
        "address": "06371 White Crescent Suite 586, Port Colleenburgh, GU 98109",
        "duration_months": 25,
        "is_current": false
      },
      {
        "address": "08215 Cook Inlet Apt. 966, Lake Christian, NV 75027",
        "duration_months": 46,
        "is_current": false
      }
    ]
  },
  "loan_request": {
    "amount_requested": 685150.46,
    "loan_type": "Business_Expansion_Loan",
    "collateral": [
      {
        "asset_type": "Marketable Securities",
        "estimated_value": 3093296.99,
        "lien_status": "Unencumbered"
      },
      {
        "asset_type": "Commercial Real Estate",
        "estimated_value": 1674310.76,
        "lien_status": "First_Lien",
        "appraisal_date": "2025-08-04"
      }
    ]
  },
  "financial_summary": {
    "annual_income_usd": 428087.72,
    "debt_to_income_ratio": 0.25,
    "credit_score": 674,
    "bank_accounts": [
      {
        "bank_name": "Brady Group",
        "account_type": "Savings",
        "average_monthly_balance_usd": 52710.77,
        "last_statement_date": "2025-06-26"
      },
      {
        "bank_name": "Rodriguez, Sweeney and Torres",
        "account_type": "Savings",
        "average_monthly_balance_usd": 38020.01,
        "last_statement_date": "2025-06-25"
      },
      {
        "bank_name": "Schneider, Arnold and Gould",
        "account_type": "Investment",
        "average_monthly_balance_usd": 28915.22,
        "last_statement_date": "2025-06-16"
      }
    ]
  },
  "risk_assessment": {
    "underwriter_notes": "Applicant has strong credit history (674) and stable employment. Collateral valuation is robust. Debt-to-income ratio (0.25) is well within acceptable limits. Low risk profile identified.",
    "risk_score_out_of_100": 82,
    "recommended_action": "Approve_with_Standard_Terms"
  },
  "application_status": "Approved",
  "underwriting_date": "2025-07-14"
}