I need some help please with a formula field.   I am trying to write a formula that references another field on the same object that is a picklist field.    I want to have the value in this new field to be based on the picklist value from the other field.  The formula that I am trying to write consists of:
 
IF(ISPICKVAL(Loan_Documentation__c = "Attorney Prepared", Yes,Bypass CDP,
ISPICKVAL(Loan_Documentation__c = "Internal Loan Agreement and Attorney Closed",Yes, Bypass CDP,
ISPICKVAL(Loan_Documentation__c, = "Internal Loan Agreement and No Attorney Closed", No,
ISPICKVAL(Loan_Documentation__c, = "No Loan Agreement Needed", No
)
)
)
)
)
I get an error message with this that states "Error:  Syntax error.  Found 'Bypass'.    What am I doing wrong?
 
Thank you!