Class Valuation recently announced that Cristy Conolly has been appointed to executive vice president of Valuation Modernization.

Conolly’s focus will be a key part of valuation modernization—the responsible standardization of appraisal data. Her efforts will help Class Valuation play a role in removing bias from the equation in the appraisal space utilizing technology to provide source of truth property data, the company said in a release.

In addition, Class said it remains vigilant in driving scalable processes to offer continuous feedback to its partners with valuation gaps that are under or over the contract sales price.

“We are thrilled to have Cristy on our team. Her role in appraisal modernization will continue to help eradicate bias in the system,” Class Valuation Chief Innovation Officer Scot Rose said in the release. “We are fortunate to have someone of her caliber and experience to lead those efforts.”

Conolly brings 18 years of industry experience with her into this role, having begun her career as a field appraiser in the Philadelphia metro area. She eventually became chief appraiser and compliance officer for a national appraisal management company, and later served as senior vice president of operations for another national AMC, Pendo Management, before it was acquired by Class.

“I’m honored that Class has brought me in to oversee responsible appraisal modernization,” Conolly said. “They share my passion for working with industry stakeholders to improve outdated processes and make sure fairness in valuation is accessible to all properties, buyers, and sellers who leverage new technology and source data in our 3D scanning.

“This will continue to improve the system of valuation. We will lead the way on driving diversity hires into the profession with our partners in the industry,” she added.

Conolly was a “Valuation Visionary” award winner in 2020. She served on the governor-appointed Florida Real Estate Appraisal Board for four years, spending one year as chair during her term.