<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-1998-15028
**Date of Review:** 2025-07-27

This report summarizes the comprehensive underwriting review for the application submitted by Margaret Vance. The request is for a Mortgage Refinance totaling $677,345.01. The specified purpose for the funds is: 'Well party quickly direction glass must when yourself answer entire hard.'.

**Applicant Profile & Financials:**
The applicant, born 1955-05-25, currently resides at 1193 Stone Oval Suite 626, South Makaylaville, PA 47039, where they have lived for 61 months. Identity was cross-verified using the provided SSN suffix (****-0244). All communications have been directed to wrightjeremy@example.org.
The applicant's financial standing was evaluated based on submitted documentation. The reported annual income is $613,400.03. The primary credit bureau returned a score of 655. This results in a calculated debt-to-income (DTI) ratio of 59.00%. A review of liquid assets shows several accounts, including a Checking account at Hood, Ramirez and Carpenter with an average balance of $74,364.33 according to the statement dated 2025-07-11. 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 Commercial Real Estate with a reported value of $4,565,533.59. The most recent appraisal was conducted on 2025-06-30. The title search confirms its status as First_Lien.

**Risk Evaluation & Recommendation:**
Internal Memo: Applicant profile is generally positive, but the DTI of 0.59 is a moderate concern. Credit score of 655 is acceptable. Recommend approval subject to verification of liquid assets. This assessment yields a composite risk score of 70 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. Receipt of updated bank statements showing sufficient closing funds.
</data>
{
  "loan_application_id": "LLA-1998-15028",
  "applicant_details": {
    "name": "Margaret Vance",
    "date_of_birth": "1955-05-25",
    "ssn_last_4_digits": "0244",
    "contact_info": {
      "email": "wrightjeremy@example.org",
      "phone_number": "001-922-740-2090x6643"
    },
    "residential_history": [
      {
        "address": "1193 Stone Oval Suite 626, South Makaylaville, PA 47039",
        "duration_months": 61,
        "is_current": true
      },
      {
        "address": "43725 Anthony Curve Apt. 167, North Maria, NC 04362",
        "duration_months": 38,
        "is_current": false
      },
      {
        "address": "394 Diane Prairie, Lynnside, UT 51994",
        "duration_months": 34,
        "is_current": false
      }
    ]
  },
  "loan_request": {
    "amount_requested": 677345.01,
    "loan_type": "Mortgage_Refinance",
    "loan_purpose": "Well party quickly direction glass must when yourself answer entire hard.",
    "collateral": [
      {
        "asset_type": "Commercial Real Estate",
        "estimated_value": 4565533.59,
        "lien_status": "First_Lien",
        "appraisal_date": "2025-06-30"
      },
      {
        "asset_type": "Marketable Securities",
        "estimated_value": 3149424.64,
        "lien_status": "Second_Lien",
        "appraisal_date": "2025-06-20"
      }
    ]
  },
  "financial_summary": {
    "annual_income_usd": 613400.03,
    "debt_to_income_ratio": 0.59,
    "credit_score": 655,
    "bank_accounts": [
      {
        "bank_name": "Hood, Ramirez and Carpenter",
        "account_type": "Checking",
        "average_monthly_balance_usd": 74364.33,
        "last_statement_date": "2025-07-11"
      },
      {
        "bank_name": "Elliott, Rivera and Estrada",
        "account_type": "Money Market",
        "average_monthly_balance_usd": 24157.31,
        "last_statement_date": "2025-07-09"
      },
      {
        "bank_name": "Flores-Hatfield",
        "account_type": "Money Market",
        "average_monthly_balance_usd": 73424.42,
        "last_statement_date": "2025-07-11"
      }
    ]
  },
  "risk_assessment": {
    "underwriter_notes": "Applicant profile is generally positive, but the DTI of 0.59 is a moderate concern. Credit score of 655 is acceptable. Recommend approval subject to verification of liquid assets.",
    "risk_score_out_of_100": 70,
    "recommended_action": "Approve_with_Conditions",
    "conditions_for_approval": [
      "Receipt of updated bank statements showing sufficient closing funds."
    ]
  },
  "application_status": "Pending_Conditions",
  "underwriting_date": "2025-07-27"
}