<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-1981-36327
**Date of Review:** 2025-08-11

This report summarizes the comprehensive underwriting review for the application submitted by Cory Pierce. The request is for a Mortgage Refinance totaling $678,108.66. No specific purpose was detailed in the application's optional section.

**Applicant Profile & Financials:**
The applicant, born 1958-08-30, currently resides at 615 Kelly Trace Suite 416, North Terri, WA 16343, where they have lived for 61 months. Identity was cross-verified using the provided SSN suffix (****-8577). All communications have been directed to tyler89@example.com.
The applicant's financial standing was evaluated based on submitted documentation. The reported annual income is $309,161.74. The primary credit bureau returned a score of 621. This results in a calculated debt-to-income (DTI) ratio of 24.00%. A review of liquid assets shows several accounts, including a Savings account at Martinez, Levine and Flores with an average balance of $87,097.20 according to the statement dated 2025-06-22. 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 $8,188,314.91. The most recent appraisal was conducted on 2025-06-30. The title search confirms its status as Second_Lien.

**Risk Evaluation & Recommendation:**
Internal Memo: Applicant profile is generally positive, but the DTI of 0.24 is a moderate concern. Credit score of 621 is acceptable. Recommend approval subject to verification of liquid assets. This assessment yields a composite risk score of 79 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.
2. Satisfactory final appraisal report.
</data>
{
  "loan_application_id": "LLA-1981-36327",
  "applicant_details": {
    "name": "Cory Pierce",
    "date_of_birth": "1958-08-30",
    "ssn_last_4_digits": "8577",
    "contact_info": {
      "email": "tyler89@example.com",
      "phone_number": "551.461.7949x2602"
    },
    "residential_history": [
      {
        "address": "615 Kelly Trace Suite 416, North Terri, WA 16343",
        "duration_months": 61,
        "is_current": true
      },
      {
        "address": "581 Daniel Knolls, West Ericaland, FL 38953",
        "duration_months": 37,
        "is_current": false
      }
    ]
  },
  "loan_request": {
    "amount_requested": 678108.66,
    "loan_type": "Mortgage_Refinance",
    "collateral": [
      {
        "asset_type": "Residential Property",
        "estimated_value": 8188314.91,
        "lien_status": "Second_Lien",
        "appraisal_date": "2025-06-30"
      },
      {
        "asset_type": "Residential Property",
        "estimated_value": 6280671.87,
        "lien_status": "Second_Lien",
        "appraisal_date": "2025-05-22"
      }
    ]
  },
  "financial_summary": {
    "annual_income_usd": 309161.74,
    "debt_to_income_ratio": 0.24,
    "credit_score": 621,
    "bank_accounts": [
      {
        "bank_name": "Martinez, Levine and Flores",
        "account_type": "Savings",
        "average_monthly_balance_usd": 87097.2,
        "last_statement_date": "2025-06-22"
      },
      {
        "bank_name": "Santiago LLC",
        "account_type": "Checking",
        "average_monthly_balance_usd": 76479.0,
        "last_statement_date": "2025-07-11"
      },
      {
        "bank_name": "Lowery-Macdonald",
        "account_type": "Savings",
        "average_monthly_balance_usd": 30753.99,
        "last_statement_date": "2025-06-17"
      },
      {
        "bank_name": "Meyer-Bishop",
        "account_type": "Investment",
        "average_monthly_balance_usd": 54738.23,
        "last_statement_date": "2025-07-03"
      }
    ]
  },
  "risk_assessment": {
    "underwriter_notes": "Applicant profile is generally positive, but the DTI of 0.24 is a moderate concern. Credit score of 621 is acceptable. Recommend approval subject to verification of liquid assets.",
    "risk_score_out_of_100": 79,
    "recommended_action": "Approve_with_Conditions",
    "conditions_for_approval": [
      "Receipt of updated bank statements showing sufficient closing funds.",
      "Satisfactory final appraisal report."
    ]
  },
  "application_status": "Pending_Conditions",
  "underwriting_date": "2025-08-11"
}