Which set correctly lists the four stages of documentation?

• A. Document due diligence, Data Validation, Document Preparation, and Document Delivery and Receipt
• B. Document due diligence, Data Validation, Document Preparation, and Funding
• C. Data Validation, Document Preparation, Document Delivery and Receipt, and Signatures
• D. Documentation Package, Master Lease Agreement, Plain Language Agreement, and Lease Contract

Answer: (A)

The sequence starts with gathering and understanding what needs to be documented, then verifying the accuracy of all information, followed by drafting the actual documents, and finally delivering them to the borrower and obtaining receipt or signatures. This order ensures you have complete, correct data before you draft, so the documents reflect the true terms and are enforceable. If you jump to funding or signing without validated data, errors can slip in and cause delays or disputes. Likewise, treating document names (like a lease or agreement) as stages misses the procedural flow of how documentation should be produced and finalized.