<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-1993-50765
**Date of Review:** 2025-07-23

This report summarizes the comprehensive underwriting review for the application submitted by Jamie Patterson. The request is for a Business Expansion Loan totaling $453,347.70. No specific purpose was detailed in the application's optional section.

**Applicant Profile & Financials:**
The applicant, born 1975-06-04, currently resides at 37184 Madison Estates, South Whitney, NE 81609, where they have lived for 64 months. Identity was cross-verified using the provided SSN suffix (****-9862). All communications have been directed to vpayne@example.com.
The applicant's financial standing was evaluated based on submitted documentation. The reported annual income is $833,217.64. The primary credit bureau returned a score of 779. This results in a calculated debt-to-income (DTI) ratio of 19.00%. A review of liquid assets shows several accounts, including a Investment account at Haynes PLC with an average balance of $50,258.09 according to the statement dated 2025-06-19. 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 $2,012,988.44. The most recent appraisal was conducted on 2025-07-26. The title search confirms its status as First_Lien.

**Risk Evaluation & Recommendation:**
Internal Memo: Applicant has strong credit history (779) and stable employment. Collateral valuation is robust. Debt-to-income ratio (0.19) is well within acceptable limits. Low risk profile identified. This assessment yields a composite risk score of 90 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-1993-50765",
  "applicant_details": {
    "name": "Jamie Patterson",
    "date_of_birth": "1975-06-04",
    "ssn_last_4_digits": "9862",
    "contact_info": {
      "email": "vpayne@example.com",
      "phone_number": "+1-433-924-8558x790"
    },
    "residential_history": [
      {
        "address": "37184 Madison Estates, South Whitney, NE 81609",
        "duration_months": 64,
        "is_current": true
      },
      {
        "address": "5987 Michele Center, Diazmouth, MO 14384",
        "duration_months": 44,
        "is_current": false
      }
    ]
  },
  "loan_request": {
    "amount_requested": 453347.7,
    "loan_type": "Business_Expansion_Loan",
    "collateral": [
      {
        "asset_type": "Residential Property",
        "estimated_value": 2012988.44,
        "lien_status": "First_Lien",
        "appraisal_date": "2025-07-26"
      }
    ]
  },
  "financial_summary": {
    "annual_income_usd": 833217.64,
    "debt_to_income_ratio": 0.19,
    "credit_score": 779,
    "bank_accounts": [
      {
        "bank_name": "Haynes PLC",
        "account_type": "Investment",
        "average_monthly_balance_usd": 50258.09,
        "last_statement_date": "2025-06-19"
      },
      {
        "bank_name": "Cline, Freeman and Gross",
        "account_type": "Savings",
        "average_monthly_balance_usd": 53659.31,
        "last_statement_date": "2025-06-21"
      },
      {
        "bank_name": "Brock LLC",
        "account_type": "Savings",
        "average_monthly_balance_usd": 85069.45,
        "last_statement_date": "2025-06-27"
      }
    ]
  },
  "risk_assessment": {
    "underwriter_notes": "Applicant has strong credit history (779) and stable employment. Collateral valuation is robust. Debt-to-income ratio (0.19) is well within acceptable limits. Low risk profile identified.",
    "risk_score_out_of_100": 90,
    "recommended_action": "Approve_with_Standard_Terms"
  },
  "application_status": "Approved",
  "underwriting_date": "2025-07-23"
}