<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-1971-18119
**Date of Review:** 2025-08-02

This report summarizes the comprehensive underwriting review for the application submitted by Madison Young. The request is for a Business Expansion Loan totaling $672,035.73. The specified purpose for the funds is: 'Administration reach itself table whatever line sell pass movement bad.'.

**Applicant Profile & Financials:**
The applicant, born 1988-06-22, currently resides at 31759 Michael Drives Suite 704, Port Michellehaven, MH 32561, where they have lived for 22 months. Identity was cross-verified using the provided SSN suffix (****-5198). All communications have been directed to josephwilson@example.com.
The applicant's financial standing was evaluated based on submitted documentation. The reported annual income is $572,085.91. The primary credit bureau returned a score of 685. This results in a calculated debt-to-income (DTI) ratio of 43.00%. A review of liquid assets shows several accounts, including a Money Market account at Flores, Williams and Price with an average balance of $46,308.45 according to the statement dated 2025-06-25. 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 Marketable Securities with a reported value of $2,753,550.61. The title search confirms its status as Second_Lien.

**Risk Evaluation & Recommendation:**
Internal Memo: Applicant profile is generally positive, but the DTI of 0.43 is a moderate concern. Credit score of 685 is acceptable. Recommend approval subject to verification of liquid assets. This assessment yields a composite risk score of 77 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. Proof of hazard insurance for the subject property.
2. Receipt of updated bank statements showing sufficient closing funds.
</data>
{
  "loan_application_id": "LLA-1971-18119",
  "applicant_details": {
    "name": "Madison Young",
    "date_of_birth": "1988-06-22",
    "ssn_last_4_digits": "5198",
    "contact_info": {
      "email": "josephwilson@example.com",
      "phone_number": "562-744-2820x0405"
    },
    "residential_history": [
      {
        "address": "31759 Michael Drives Suite 704, Port Michellehaven, MH 32561",
        "duration_months": 22,
        "is_current": true
      },
      {
        "address": "Unit 8703 Box 6354, DPO AE 56366",
        "duration_months": 38,
        "is_current": false
      },
      {
        "address": "8789 Foster Fall Apt. 496, Davidsonborough, NJ 82642",
        "duration_months": 37,
        "is_current": false
      }
    ]
  },
  "loan_request": {
    "amount_requested": 672035.73,
    "loan_type": "Business_Expansion_Loan",
    "loan_purpose": "Administration reach itself table whatever line sell pass movement bad.",
    "collateral": [
      {
        "asset_type": "Marketable Securities",
        "estimated_value": 2753550.61,
        "lien_status": "Second_Lien"
      },
      {
        "asset_type": "Marketable Securities",
        "estimated_value": 6187849.0,
        "lien_status": "Second_Lien"
      }
    ]
  },
  "financial_summary": {
    "annual_income_usd": 572085.91,
    "debt_to_income_ratio": 0.43,
    "credit_score": 685,
    "bank_accounts": [
      {
        "bank_name": "Flores, Williams and Price",
        "account_type": "Money Market",
        "average_monthly_balance_usd": 46308.45,
        "last_statement_date": "2025-06-25"
      },
      {
        "bank_name": "Bruce, West and Romero",
        "account_type": "Checking",
        "average_monthly_balance_usd": 82061.08,
        "last_statement_date": "2025-07-12"
      }
    ]
  },
  "risk_assessment": {
    "underwriter_notes": "Applicant profile is generally positive, but the DTI of 0.43 is a moderate concern. Credit score of 685 is acceptable. Recommend approval subject to verification of liquid assets.",
    "risk_score_out_of_100": 77,
    "recommended_action": "Approve_with_Conditions",
    "conditions_for_approval": [
      "Proof of hazard insurance for the subject property.",
      "Receipt of updated bank statements showing sufficient closing funds."
    ]
  },
  "application_status": "Pending_Conditions",
  "underwriting_date": "2025-08-02"
}