Staff Appraisers
A. Augustine Andolfo -Engaged in the Real Estate Business in Rhode Island since 1979 -Engaged in Real Estate Appraisal field since 1996 -Certified General Appraiser, State of Rhode Island #A00733G -Rhode Island Real Estate Broker's License #B10081 Employment History: -1980-1984 Branch Manager/Hospital Trust National Bank -1985-1986 Credit Analyst/Hospital Trust National Bank -1986-1987 Assistant Vice President/Relationship Manager Commercial Real Estate Division, Hospital Trust National Bank -1988-1996 Vice President and Group Head, Commercial Read Estate Division, Shawmut National Bank -1996 - Present, Vice President, Commercial Division, Andolfo Appraisal Associates, Inc. Education -Providence College, Providence, Rhode Island - B.A. Political Science - 1976 -University of Rhode Island - Certificate in Real Estate, 1980 -University of Oklahoma - National Commercial Lending School - Commercial Lending Degree - 1982 -Society of Real Estate Appraisers - Course 101 - Introduction to Appraising Real Property - 1982 -American Institute of Banking - Financial Statement Analysis - 1984 -Capitalization Theory and Techniques, 1992 -Omega/Robert Morris Associates - Understanding Business Cashflow and Commercial Loans to Business - 1994 -American Real Estate Academy - Uniform Standards of Professional Appraisal Practice - 1996 -Appraisal Institute - Uniform Standards of Professional Appraisal Practices - 1996 -Appraisal Institute - Course 120 Appraisal Procedures - 1997 -Appraisal Institute - Course 620 - Sales Comparison Valuation of Small, Mixed-Use Properties - 1998 -Appraisal Institute - Course 310 - Basic Income Capitalization - 1999 -American Society of Appraisers and Appraisal Institute - Course 201 Introduction to Business Valuation - 2002 -Appraisal Institute - Course 320 General Applications - 2004 -Appraisal Institute - Code of Professional Ethics & Standards of Professional Appraisal Practice, National Updates - 2001 and 2004 - Appraisal Institute - Evaluating Commercial Construction - 2005 - Appraisal Institute - Course 540 Report Writing - 2005 - Appraisal Institute - Subdivision Valuation - 2006 Member: -National Association of Realtors -Greater Providence Board of Realtors -Finance Secretary for St. Thomas More -Narragansett Lions Club Qualified Expert Witness: -Superior Court of Rhode Island -Town of Narragansett, Zoning Board of Review Appraisals Submitted: -Citizens Bank -The Washington Trust Company -Bank Rhode Island -BankBoston -First Bank and Trust Company -Fleet Bank -Express Financial Services, Inc. -Westerly Savings Bank -Northwest Mortgage Company -AAMES Financial -Credit Union Central Falls -Cityscape Corporation -HomeComings Financial Network -Collateral Update -Metropolitan Mortgage & Securities Company, Inc. -Alliance Funding -Mechanics Savings Bank -Providence Redevelopment Agency -HFS Mobility Service, Inc. -Credit Union Financial Services, Inc. -Cornerstone Mortgage Company -First Union National Bank -Alexander Mortgage Corp. -Bottom Line Mortgage Corp. -Mortgage Capital Solutions -Western Capital -Superior Bank, FSB -Delta Funding Corporation -Ocean State Community Credit Union (formerly known as Warwick Credit Union) -Rhode Island Department of Environmental Management -Rhode Island Economic Development Corporation -Rhode Island Housing (formerly RIHMFC) -Minority Investment Development Corporation -U.S. Fish and Wildlife Service, Division of Realty -First Pioneer Farm Credit -Sovereign Bank -Enterprise Financial -First Trade Union Bank -UniBank for Savings -Newport Federal Savings Bank -Greenwood Credit Union -BayView Financial Trading Group -Town of Burrillville -City of East Providence -City of Cranston -Rhode Island Airport Corporation -United States Small Business Administration -Westerly Hospital -South County Hospital -Eastern Bank -First Federal Savings Bank of America (FIRSTFED) -Silver Hill Financial, LLC -Interbay Funding -Webster Bank -Randolph Savings Bank -United States Marshalls Service District of Rhode Island -Investors, Attorneys and Private Parties Affiliated Companies: -Vice President and Manager - Andolfo Real Estate, Inc. Thomas M. Ross -Engaged in the Real Estate Business for over 22 years -Certified General Appraiser, State of Rhode Island, #A00343G Employment History: -1990 - Present Andolfo Appraisal Associates, Inc. -1987 - 1990 ComFed Appraisal Services, Inc. -1986 - 1987 New England Appraisal Consultants -1985 - 1986 Coldwell Banker Real Estate -1981 - 1985 Raytheon Company Successfully Completed: -Course 101 - Introduction to Appraising Real Property Society of Real Estate Appraisers -Course 102 - Applied Residential Property Valuation Society of Real Estate Appraisers -Standards of Professional Practice - Module A Appraisal Institute -Standards of Professional Practice - Module B Appraisal Institute -Analyzing Operating Expenses - Appraisal Institute -Course 600 - Income Valuation of Small, Mixed Use Properties - Appraisal Institute -Course 620 - General Applications - Appraisal Institute -?The Yellow Book Seminar? - Uniform Appraisal Standards for Federal Land Acquisitions: Practical Applications for Fee Fee Appraisers - Appraisal Institute -Apartment Appraisal: Concepts and Applications - Appraisal Institute -Feasibility, Market Value, Investment Timing: Option Value - Appraisal Institute -Eminent Domain and Condemnation - Appraisal Institute -Appraising From Blueprints and Specifications - Appraisal Institute -REA 5.1 - Appraising Complex Residential Properties - Massachusetts Board of Real Estate Appraisers -REA II - Introduction to Income Property Appraisal, Part A - Massachusetts Board of Real Estate Appraisers Graduate of: -Springfield Technical Community College, Springfield, MA, A.S. -Blue Hills Regional Technical Institute, Canton, MA, A.S. Affiliations: -Town of Glocester, Rhode Island - Tax Assessor?s Board of Assessment Review Qualified Expert Witness: -Superior Court of Rhode Island Appraisals for: -Bank of America -Bank Rhode Island -Citizens Bank -Credit Union Central Falls -Federal Deposit Insurance Corporation (FDIC) -Foster Land Trust -Glocester Land Trust -Johnston Land Trust -Providence Public Building Authority -Randolph Savings Bank -Resolution Trust Corporation (RTC) -Rhode Island Housing -State of Rhode Island, Department of the Attorney General -State of Rhode Island, Department of Environmental Management -The Washington Trust Company -United States Marshals Service -Coldwell Banker Relocation Services -Providence Redevelopment Agency -Webster Bank -Various attorneys and private parties Karen M. Valletta -Engaged in the Real Estate Business in Rhode Island since 1973 -Engaged in the Real Estate Appraisal field since 1986 -Licensed Residential Appraiser, State of Rhode Island #A00513L -Licensed FHA HUD Fee Appraiser, January, 2000 to Present Employment History: -November, 2000 - Present Andolfo Appraisal Associates, Inc. Staff Appraiser -1999 - 2000 United Appraisal Staff Appraiser -1992 - 1999 Capitol Appraisal Staff Appraiser -1988 - 1992 Oaklawn Appraisal Staff Appraiser -1986 - 1988 Keefe & Keefe Appraisal of Seekonk and Canton, Massachusetts Staff Appraiser -1973 - 1986 Citizens Bank Mortgage Processor Education and Noted Courses: -Rhode Island College, Providence, Rhode Island 1974 - 1976 -1996 - Appraisal Standards & Ethics; Income and Cost Approaches -2000 - How to Market and Sell Older and Historic Homes -2000 - How to Search a Title in Rhode Island -2002 - Residential Construction Technology -2003 - Big Three Environmental Issues -2004 - Appraising the Oddball Property -2003 - Historic House Specialist Training Seminar - Providence Preservation Society - 2004 - FHA Update - Appraisal Institute - 2007 - Basic Surveying Methods for Appraisers Seminar - Appraisal Institute - 2007 - Appraisal Review - Appraisal Institute - 2007 - USPAP Update - McKissock Real Estate & Appraisal School - 2007 - Construction Details and Trends - McKissock Real Estate & Appraisal School - 2007 - Appraisal Trends - McKissock Real Estate & Appraisal School - 2007 - 2-4 Family Finesse - McKissock Real Estate & Appraisal School Appraisals Submitted: -American Residential Mortgage, LLC -BankBoston -Bank Rhode Island -Chase Manhattan Mortgage -Citizens Bank -City of Providence, Tax Assessor -Coastway Credit Union -Columbia National -Domestic Bank -East-West Mortgage Company -First Bank and Trust Company -Flagstar Mortgage -Fleet Bank / Bank of America -Foremost Mortgage -GE Capital Mortgage -GMAC Mortgage -Ivy Mortgage -Mortgage IT, Inc. -Northeast Mortgage -Ocean West Mortgage -Old Kent Mortgage -People's Mortgage -Randolph Savings -Rhode Island Airport Corporation -Rhode Island Economic Development Corporation -Rhode Island Housing (formerly RIHMFC) -Rhode Island State Employees Credit Union -Salem Five Mortgage Corp. -Sovereign Bank -The Washington Trust Company -Town of Johnston, Tax Assessor -Wall Street Mortgage -Investors, Attorneys and Private Parties Gerard A. Fournier -Engaged in the Real Estate Appraisal field since 1984 -Licensed Appraiser, State of Rhode Island #A00414L Employment History: -September, 2006 - Present Andolfo Appraisal Associates, Inc. Staff Appraiser -March, 2006 - September, 2006 Forsythe Appraisals, LLC. Staff Appraiser -2000 - 2006 Ideal Realty Services Staff Appraiser -1993 - 2005 Peter Scotti & Associates Staff Appraiser -1991 - 1993 Boston Five Appraisal Corporation Staff Appraiser Education and Noted Courses: -Providence College, Providence, Rhode Island, 1967 - 1972, B.A. Political Science -101 - Introduction to Appraisal of Real Property Standards Standards of Professional Appraisal Practice Parts A and B -The REA 1.2 - Practical Residential Appraising Part A - Residential Market Analysis and Highest & Best Use -USPAP Update -The Professional?s Guide To Uniform Appraisal Report - Unique and Unusual Properties - Land Development -Residential Appraisal Problem Solving Part II -Appraiser?s Use of the Internet/Untangling The Web - Title Search -When Good Houses Go Bad/Understanding and Evaluation Sick House Syndrome - Expert Witness Testimony in Tax Appeal Cases and Bankruptcy Hearings Appraisals Submitted: -AAA Southern New England Bank -Chase Manhattan Mortgage -Citizens Bank -Coastway Credit Union -Fleet National Bank / Bank of America -Greenwood Credit Union -Greenwich Mortgage -Old Stone Bank -Rhode Island Housing (formerly RIHMFC) -Rhode Island Hospital Trust National Bank -Sovereign Bank -The Washington Trust Company -Union Federal Savings Bank -Washington Mutual -WCS Lending, LLC -Investors, Attorneys and Private Parties Adam T. Andolfo -Certified Residential Appraiser, State of Rhode Island #A01207R -June, 2004 Associate Member of the Appraisal Institute -June, 2004 Member, RI Chapter of the Appraisal Institute. -December, 1999 Awarded Rank of Eagle Scout, Boy Scouts of America, Troop 76, Providence RI Employment History: -2004 - Present Andolfo Appraisal Associates, Inc. Education and Noted Courses: -1996 - 2000 La Salle Academy, Providence, RI -2000 - 2004 University of Connecticut, Storrs, CT - B.A. Urban Studies - Appraisal Institute - Intro to GIS Applications for Real Estate Appraisal - August 2004 - Appraisal Institute - Basic Appraisal Principles - January 2005 and February 2005 - Appraisal Institute - Course 410 - 15-hour National USPAP Course - March 2005 - Appraisal Institute - Evaluating Residential Construction - April 2005 - Appraisal Institute - 2006 USPAP and Scope of Work Update - May 2006 - Appraisal Institute - Appraising from Blueprints and Specifications - May 2006 - Appraisal Institute - When Good Houses Go Bad: Understanding and Evaluating Sick House Syndrome - August 2006 - Appraisal Institute - Basic Income Capitalization - September 2006 - Appraisal Institute - Residential Market Analysis and Highest and Best Use - October 2006 - MBREA - Residential Program - New England Appraisers Expo - November 2006 - Appraisal Institute - USPAP 7-Hour Update - November 2006 - Appraisal Institute - The Forces and Challenges Affecting the National and Rhode Island Economy - June 2007 - Appraisal Institute - Analytics with the Site to Do Business - December 2007 - Appraisal Institute - Business Practices and Ethics - February 2008 - Appraisal Institute - Save the Bay - April 2008 - Appraisal Institute - Associate Guidance Course - May 2008 - Appraisal Institute - REO Appraisal: Appraisal of Residential Property Foreclosure - September 2008 - Appraisal Institute - Appraisal Challenges: Declining Markets and Sales Concessions - October 2008 - Appraisal Institute - USPAP 7-Hour Update - November 2008 - Appraisal Institute - Introduction to FHA Appraising - February 2009 - Appraisal Institute - The New Residential Market Conditions Form - April 2009 Appraisals For: - Bank Rhode Island - Capital One Home Loans - Chase - CitiMortgage, Inc. - Citizens Bank - Coastway Credit Union - First Equity Funding - First Pioneer Farm Credit - Freedom National Bank - Greenwood Credit Union - Lehman Brothers Bank, FSH - J.P. Morgan - Speciality Assets - Mercury Real Estate Services - Newport Federal Savings Bank - Pace Realty Advisors, LLC - Providence Redevelopment Agency - Randolph Savings Bank - Rhode Island Housing (formerly RIHMFC) - Rhode Island Department of Environmental Management - Rhode Island Department of Human Services/Office of Legal Services - South Side Community Land Trust - Sovereign Bank - Stewart Title Guarantee - The Washington Trust Company - Attorneys and property Owners In solving most appraisal problems, the final value conclusion depends largely on the ability/judgement and integrity of the appraiser. We believe that the appraisers at Andolfo Appraisal Associates, Inc., are duly committed to this goal. |