Mark Correnti, SRA
I graduated from the University of Massachusetts at Amherst in 1989 with a bachelor’s degree in economics. That same year, right out of college, I started my residential property career in mortgage banking. I worked for a lending institution in Massachusetts with responsibilities that included property evaluations. Prior to appraisal licensing in 1991 it was not uncommon for lending institutions to do field evaluations as part of the credit underwriting process. My banking career included positions as originator, credit underwriter, foreclosure/workout, and also as a construction lending operations manager.
The field evaluations and appraisal review part of the loan underwriting process always fascinated me. In 1997 I left the lending side of the residential mortgage banking industry and started as an appraisal apprentice. I obtained my New Hampshire residential appraisal license in 1999. I passed the exam to become an FHA appraiser in 2001 (prior to 2004 admittance to HUD’s FHA roster was exam based).
In 2007 I received the SRA designation from the Appraisal Institute. I served on the Appraisal Institute’s New Hampshire chapter board from 2008 to 2013. As a chapter president in 2012 I had testified in front of a NH senate sub-committee panel regarding the appraisal industry in New Hampshire.
I served as an investigative review appraiser for the New Hampshire Real Estate Appraisal Board on a contract basis from 2004 to 2010. In 2011 I was nominated by the governor of the state of New Hampshire, and approved by the Executive Council to serve a three year term on the NH Real Estate Appraiser Board. From 2011 to 2013 I served on the state appraiser board as the Grievance Officer in where I was responsible for reviewing appraisal reports for compliance with appraisal standards.
In 2015 I was added to the VA appraisal panel. Currently I perform residential appraisals for lending institutions for conventional financing (Fannie Mae, Freddie Mac), FHA, VA, and USDA-RD (Rural Housing). My experience also includes appraisal reviews for quality control for banks and mortgage companies. I perform appraisals for portfolio lenders, estates, tax abatement, and provide property impact reports and consulting for diminution of value cases. Since 1997 I have performed over 5,000 residential appraisals.
I have been admitted in various courts in both Massachusetts and New Hampshire as an expert witness regarding diminution of value and divorce proceedings. I have given testimony in front of municipal land use boards (Planning and Zoning Board of Appeals) as well as in arbitration hearings for tax abatement cases.
I served on the Francestown Conservation Commission in 2006, obtained a real estate sales license in New Hampshire in 2008, and a real estate broker’s license in 2013. As an appraiser I am currently licensed in the state of New Hampshire and the Commonwealth of Massachusetts.