Staff Appraisers
A. Augustine Andolfo -Engaged in the Real Estate Business in Rhode Island since 1979 -Engaged in Real Estate Appraisal field since 1996 -Licensed Residential Appraiser, State of Rhode Island #A00733L -Rhode Island Real Estate Broker's License #B10081 -Vice President - Commercial Division, Andolfo Appraisal Associates, Inc. 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 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 Member: -National Association of Realtors -Greater Providence Board of Realtors -Finance Secretary for St. Thomas More 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 and Mortgage Finance Corporation -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 -Rhode Island Airport Corporation -United States Small Business Administration -Westerly Hospital -South County Hospital -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 19 years -Licensed Residential Appraiser, State of Rhode Island, #A00343L 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 -REA II - Introduction to Income Property Appraisal, Part A Massachusetts Board of Real Estate Appraisers -Course 600 - Income Valuation of Small, Mixed Use Properties - Appraisal Institute Graduate of: -Springfield Technical Community College, Springfield, MA, A.S. -Blue Hills Regional Technical Institute, Canton, MA, A.S. Appraisals for: -Bank Rhode Island -BankBoston -Fleet Bank -Rhode Island Housing and Mortgage Finance Corp. -Credit Union Central Falls -Citicorp Mortgage, Inc. -CitiBank, FSB -Citizens Bank -Federal Deposit Insurance Corporation (FDIC) -Resolution Trust Corporation (RTC) -First Bank and Trust Company -State of Rhode Island, Department of the Attorney General -United States Marshals Service -HomeSteps Asset Services -Coldwell Banker Relocation Services -Providence Redevelopment Agency -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 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 Appraisals Submitted: -American Residential Mortgage, LLC -Bank Rhode Island -Chase Manhattan Mortgage -Citizens Bank -Coastway Credit Union -Columbia National -Domestic Bank -East-West Mortgage Company -First Bank and Trust Company -Flagstar Mortgage -Fleet National Bank -Foremost Mortgage -GMAC Mortgage -Ivy Mortgage -Mortgage IT, Inc. -Old Kent Mortgage -People's Mortgage -Rhode Island Housing and Mortgage Finance Corporation -Rhode Island State Employees Credit Union -Salem Five Mortgage Corp. -The Washington Trust Company -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 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 - Residential Market Analysis and Highest & Best Use - Unique and Unusual Properties - Land Development - Title Search - Residential Appraisal Problem Solving - 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 -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 - Research/Appraisal Assistant/Trainee -Licensed Trainee Appraiser, State of Rhode Island #A01207TL -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 Andolfo Appraisal Associates, Inc. Trainee Appraiser Graduate of: -1996 - 2000 La Salle Academy, Providence, RI -2000 - 2004 University of Connecticut, Storrs, CT - B.A. Urban Studies 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. |