<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-1973-56374
**Date of Review:** 2025-07-14

This report summarizes the comprehensive underwriting review for the application submitted by Shannon Smith. The request is for a New Home Purchase totaling $845,040.57. No specific purpose was detailed in the application's optional section.

**Applicant Profile & Financials:**
The applicant, born 1990-08-24, currently resides at 9924 Daniel Mews Apt. 286, Freemanborough, VA 06931, where they have lived for 16 months. Identity was cross-verified using the provided SSN suffix (****-8470). All communications have been directed to amaddox@example.com.
The applicant's financial standing was evaluated based on submitted documentation. The reported annual income is $641,110.49. The primary credit bureau returned a score of 619. This results in a calculated debt-to-income (DTI) ratio of 65.00%. A review of liquid assets shows several accounts, including a Savings account at Ruiz-Parsons with an average balance of $18,759.41 according to the statement dated 2025-07-12. 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 Residential Property with a reported value of $9,210,194.06. The title search confirms its status as Second_Lien.

**Risk Evaluation & Recommendation:**
Internal Memo: Applicant profile is generally positive, but the DTI of 0.65 is a moderate concern. Credit score of 619 is acceptable. Recommend approval subject to verification of liquid assets. This assessment yields a composite risk score of 66 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. Verification of employment for the last 24 months.
</data>
{
  "loan_application_id": "LLA-1973-56374",
  "applicant_details": {
    "name": "Shannon Smith",
    "date_of_birth": "1990-08-24",
    "ssn_last_4_digits": "8470",
    "contact_info": {
      "email": "amaddox@example.com",
      "phone_number": "8388460848"
    },
    "residential_history": [
      {
        "address": "9924 Daniel Mews Apt. 286, Freemanborough, VA 06931",
        "duration_months": 16,
        "is_current": true
      },
      {
        "address": "890 Stephen Village Suite 169, Margarettown, LA 47503",
        "duration_months": 71,
        "is_current": false
      }
    ]
  },
  "loan_request": {
    "amount_requested": 845040.57,
    "loan_type": "New_Home_Purchase",
    "collateral": [
      {
        "asset_type": "Residential Property",
        "estimated_value": 9210194.06,
        "lien_status": "Second_Lien"
      }
    ]
  },
  "financial_summary": {
    "annual_income_usd": 641110.49,
    "debt_to_income_ratio": 0.65,
    "credit_score": 619,
    "bank_accounts": [
      {
        "bank_name": "Ruiz-Parsons",
        "account_type": "Savings",
        "average_monthly_balance_usd": 18759.41,
        "last_statement_date": "2025-07-12"
      },
      {
        "bank_name": "Mora, Shepard and Smith",
        "account_type": "Investment",
        "average_monthly_balance_usd": 19146.15,
        "last_statement_date": "2025-07-05"
      },
      {
        "bank_name": "Cox, Gordon and Taylor",
        "account_type": "Investment",
        "average_monthly_balance_usd": 23680.59,
        "last_statement_date": "2025-07-06"
      },
      {
        "bank_name": "Melendez-Humphrey",
        "account_type": "Investment",
        "average_monthly_balance_usd": 18781.0,
        "last_statement_date": "2025-06-16"
      }
    ]
  },
  "risk_assessment": {
    "underwriter_notes": "Applicant profile is generally positive, but the DTI of 0.65 is a moderate concern. Credit score of 619 is acceptable. Recommend approval subject to verification of liquid assets.",
    "risk_score_out_of_100": 66,
    "recommended_action": "Approve_with_Conditions",
    "conditions_for_approval": [
      "Verification of employment for the last 24 months."
    ]
  },
  "application_status": "Pending_Conditions",
  "underwriting_date": "2025-07-14"
}