<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-1976-51621
**Date of Review:** 2025-07-27

This report summarizes the comprehensive underwriting review for the application submitted by Stephanie Walters. The request is for a Mortgage Refinance totaling $539,330.67. No specific purpose was detailed in the application's optional section.

**Applicant Profile & Financials:**
The applicant, born 1995-08-19, currently resides at USCGC Miller, FPO AA 35372, where they have lived for 69 months. Identity was cross-verified using the provided SSN suffix (****-6099). All communications have been directed to mitchellnancy@example.com.
The applicant's financial standing was evaluated based on submitted documentation. The reported annual income is $266,559.24. The primary credit bureau returned a score of 693. This results in a calculated debt-to-income (DTI) ratio of 16.00%. A review of liquid assets shows several accounts, including a Savings account at Brown-Schroeder with an average balance of $39,081.53 according to the statement dated 2025-06-21. 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 $3,895,716.67. The most recent appraisal was conducted on 2025-06-22. The title search confirms its status as Second_Lien.

**Risk Evaluation & Recommendation:**
Internal Memo: Applicant has strong credit history (693) and stable employment. Collateral valuation is robust. Debt-to-income ratio (0.16) is well within acceptable limits. Low risk profile identified. This assessment yields a composite risk score of 85 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-1976-51621",
  "applicant_details": {
    "name": "Stephanie Walters",
    "date_of_birth": "1995-08-19",
    "ssn_last_4_digits": "6099",
    "contact_info": {
      "email": "mitchellnancy@example.com",
      "phone_number": "348.509.7234"
    },
    "residential_history": [
      {
        "address": "USCGC Miller, FPO AA 35372",
        "duration_months": 69,
        "is_current": true
      },
      {
        "address": "74040 Green Curve Suite 401, Lake Rachelland, AK 71701",
        "duration_months": 34,
        "is_current": false
      }
    ]
  },
  "loan_request": {
    "amount_requested": 539330.67,
    "loan_type": "Mortgage_Refinance",
    "collateral": [
      {
        "asset_type": "Business Equipment",
        "estimated_value": 3895716.67,
        "lien_status": "Second_Lien",
        "appraisal_date": "2025-06-22"
      }
    ]
  },
  "financial_summary": {
    "annual_income_usd": 266559.24,
    "debt_to_income_ratio": 0.16,
    "credit_score": 693,
    "bank_accounts": [
      {
        "bank_name": "Brown-Schroeder",
        "account_type": "Savings",
        "average_monthly_balance_usd": 39081.53,
        "last_statement_date": "2025-06-21"
      },
      {
        "bank_name": "Simmons, Miller and Sharp",
        "account_type": "Savings",
        "average_monthly_balance_usd": 74757.94,
        "last_statement_date": "2025-06-25"
      }
    ]
  },
  "risk_assessment": {
    "underwriter_notes": "Applicant has strong credit history (693) and stable employment. Collateral valuation is robust. Debt-to-income ratio (0.16) is well within acceptable limits. Low risk profile identified.",
    "risk_score_out_of_100": 85,
    "recommended_action": "Approve_with_Standard_Terms"
  },
  "application_status": "Approved",
  "underwriting_date": "2025-07-27"
}