The National Inventory Certification Association congratulates member Jenny Cossett for achieving the designation of Certified Appraisal Examiner.
PRESS RELEASE – The National Inventory Certification Association (NICA) is pleased to announce that Jenny Cossett, owner of Lighthouse Inventory Services, LLC, has recently earned the designation of Certified Appraisal Examiner (CAE). Growth of the personal property inventory industry has created an opportunity for contents inventory professionals to serve as Appraisal Examiners.
The purpose of a CAE designation is to establish recognition for this specialized service. This enables appraisal firms to locate and subcontract certified, qualified examiners to assist with the collection of descriptions and photos of items to be appraised. The appraisers are then able to create an accurate Uniform Standards of Professional Appraisal Practice (USPAP) compliant certified report from this information provided by the inventory professional. Additionally, the home inventory professional is able to grow their businesses through additional revenue opportunities.
When completing an inventory service for residential and commercial clients, the inventory professional is often asked if they know the value of items, or if they can refer an appraiser. The CAE designation signifies that these contents inventory professionals have the knowledge required to collect and then submit the necessary information for an appraiser to assign value. This allows for a two-way referral opportunity between these two industries.
To help ensure that the inventory service provider is prepared to serve the appraisal industry, the NICA Education Committee, consisting of NICA members, an established property appraiser, and the Association Directors, determined the requirements to achieve an Appraiser Examiner Certification.
Only those who have earned their Certified Inventory Expert (CIE) or Certified Inventory Specialist (CIS) designation are eligible to apply for this additional level. The inventory professional is also required to successfully complete the Customer Service and Appraisal Examiner courses, plus an elective chosen from the NICA curriculum. The Appraisal Examiner course was co-written by a property appraiser to ensure integrity and provide hands-on processes for accurate collection of information.
Based in Decherd, Tennessee, Lighthouse Inventory Services offers residential and business asset inventory services and appraisal services to the metropolitan areas of Chattanooga, Gatlinburg, Knoxville, and Nashville. Other states served are West Kentucky, North Georgia, and North Alabama.