Another question on this topic . . . we are underwriting a 2nd mortgage loan. The 1st mortgage is with another lender and that lender is willing to provide a copy of the appraisal to our bank. What documentation is required to confirm that the appraiser was engaged appropriately? Is an engagement letter sufficient? What should we get if the other lender doesn’t use engagement letters? Is there a form the other FI should complete assigning their interests to our bank?