APPRAISAL REVIEWS
The Federal Reserve has recently reiterated “financial institutions must have an effective, independent real estate appraisal and evaluation program,” and that appraisers performing reviews should “have the knowledge and expertise to assess compliance with the Federal Reserve’s appraisal regulations and guidelines.” At SFL Valuation Services, Inc, we provide appraisal review services that are independent, qualified, professional, and in conformity with the Federal Reserve’s guidelines.
In addition, the Uniform Standards of Professional Appraisal Practice (USPAP) govern appraisal reviews as well as appraisal reports, and you can count on us to ethically evaluate appraisal reports performed by others. Those others may be reviewing our work, too!
REVIEW EXPERIENCE
Mark Pelletier has been a review appraiser since 1988. Having been mentored in a professional MAI’s firm in New York, I was educated, instructed and afforded experience early in my profession in the review of residential and commercial appraisals. As a chief appraiser for a large mortgage banker in California with 19 branches covering three states, I audited and reviewed appraisals in the lending process both retail and wholesale. As a regional chief appraiser covering the southeastern United States my responsibilities included compliance, approval and review of various appraisers work. All 3,000+ hours education received in valuation since 1985 has come from the recoginized leader; The American Institute of Appraisers and included dozens of hours in review.
SPECIAL MAGISTRATE
Mark Pelletier has served as a special magistrate; quasi-judical, in three counties of Florida since 1999 in the residential and tangible personal property hearings. This experience includes all types of residential including ocean front valued over $40,000,000, historical properties and unique properties. Tangible properties have included retail, tele communications, media, medical, manufacturing. Special magistrate responsibilities are in the review of valuations, market data, USPAP, state regulations and statues.
