<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-1980-41575
**Date of Review:** 2025-07-28

This report summarizes the comprehensive underwriting review for the application submitted by Philip Munoz. The request is for a Mortgage Refinance totaling $454,197.79. No specific purpose was detailed in the application's optional section.

**Applicant Profile & Financials:**
The applicant, born 1969-12-08, currently resides at 106 Eric Tunnel, Elizabethshire, SC 14077, where they have lived for 37 months. Identity was cross-verified using the provided SSN suffix (****-5492). All communications have been directed to kimlisa@example.org.
The applicant's financial standing was evaluated based on submitted documentation. The reported annual income is $284,305.12. The primary credit bureau returned a score of 825. This results in a calculated debt-to-income (DTI) ratio of 17.00%. A review of liquid assets shows several accounts, including a Savings account at Alvarez, Compton and Stanley with an average balance of $93,664.13 according to the statement dated 2025-07-09. 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 Business Equipment with a reported value of $7,307,844.67. The most recent appraisal was conducted on 2025-08-09. The title search confirms its status as Unencumbered.

**Risk Evaluation & Recommendation:**
Internal Memo: Applicant has strong credit history (825) and stable employment. Collateral valuation is robust. Debt-to-income ratio (0.17) is well within acceptable limits. Low risk profile identified. This assessment yields a composite risk score of 93 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-1980-41575",
  "applicant_details": {
    "name": "Philip Munoz",
    "date_of_birth": "1969-12-08",
    "ssn_last_4_digits": "5492",
    "contact_info": {
      "email": "kimlisa@example.org",
      "phone_number": "001-316-421-7088"
    },
    "residential_history": [
      {
        "address": "106 Eric Tunnel, Elizabethshire, SC 14077",
        "duration_months": 37,
        "is_current": true
      },
      {
        "address": "1471 Katherine Gateway, East Anthony, UT 72195",
        "duration_months": 41,
        "is_current": false
      }
    ]
  },
  "loan_request": {
    "amount_requested": 454197.79,
    "loan_type": "Mortgage_Refinance",
    "collateral": [
      {
        "asset_type": "Business Equipment",
        "estimated_value": 7307844.67,
        "lien_status": "Unencumbered",
        "appraisal_date": "2025-08-09"
      },
      {
        "asset_type": "Residential Property",
        "estimated_value": 3444038.87,
        "lien_status": "First_Lien"
      }
    ]
  },
  "financial_summary": {
    "annual_income_usd": 284305.12,
    "debt_to_income_ratio": 0.17,
    "credit_score": 825,
    "bank_accounts": [
      {
        "bank_name": "Alvarez, Compton and Stanley",
        "account_type": "Savings",
        "average_monthly_balance_usd": 93664.13,
        "last_statement_date": "2025-07-09"
      },
      {
        "bank_name": "Ryan Ltd",
        "account_type": "Investment",
        "average_monthly_balance_usd": 23397.96,
        "last_statement_date": "2025-07-08"
      },
      {
        "bank_name": "Stephens, Meza and Schwartz",
        "account_type": "Money Market",
        "average_monthly_balance_usd": 28194.15,
        "last_statement_date": "2025-06-21"
      },
      {
        "bank_name": "Hodges-Grant",
        "account_type": "Money Market",
        "average_monthly_balance_usd": 27805.56,
        "last_statement_date": "2025-06-30"
      }
    ]
  },
  "risk_assessment": {
    "underwriter_notes": "Applicant has strong credit history (825) and stable employment. Collateral valuation is robust. Debt-to-income ratio (0.17) is well within acceptable limits. Low risk profile identified.",
    "risk_score_out_of_100": 93,
    "recommended_action": "Approve_with_Standard_Terms"
  },
  "application_status": "Approved",
  "underwriting_date": "2025-07-28"
}