The 7(a) Lender keeps the continuing ability to evaluate, process, close, disburse, service, liquidate and litigate its SBA loans and exercises day-to-day responsibility for them, using an LSP (any Agent carrying out Lender functions for pay, including pre-qualification, underwritten applications or underwriting technology) only under a written agreement submitted to SBA for review before use, resubmitted after any change, and with a termination notice to SBA. The agreement identifies the parties and Location ID, the services, the Lender's full responsibility (including for LSP entries in SBA systems), any access to borrower payment funds (held in the Lender's name, titled per Form 1086 where sold, never commingled or netted for fees), compensation per service paid only by the Lender and not contingent for packaging or underwriting, no double charging, no premium sharing, Applicant-identified billing, a stated term with reasonable early termination, no risk-sharing by the LSP, disclosure of affiliations and other relationships, compliance with Loan Program Requirements and precedence of the LSP agreement; it grants no power of attorney and shows no conflict of interest.
The graph holds this control, the 0 it maps to, and the evidence behind each claim, over MCP and REST.