Universal Consulting Opportunities (UCO), a Stellar MLS Subsidiary, and European MLS Technology Pioneer Igluu Agree to Collaborate to Further Enhance MLS Concepts in Europe

FLORIDA, USA (Oct. 8, 2024) – UCO, a subsidiary of Stellar MLS, a leading multiple listing service (MLS) in the U.S. and the fastest-growing in the world, is furthering its commitment to elevate the real estate industry on a global scale. UCO decided to partner with Igluu, a Prague-based digital technology firm, to explore synergies to expand the MLS concept, empower real estate professionals, and enhance value for consumers in Europe and beyond.

As a leader in the development of next-generation real estate ecosystems, Igluu offers tools for integrated bancassurance services such as digital mortgages, insurance and energy by leveraging various data sources, including cadastre. Igluu has developed a first full-scale MLS system in the Czech Republic and is expanding its technological expertise into other European real estate markets to streamline the transaction processes through the standardization of rules and quality of data.

Through UCO, Stellar MLS brings its expertise and experience to help standardize real estate and utilize the power of collaboration, transparency and an efficient marketplace that comes with an MLS. UCO will consult with Igluu’s team to guide in areas including MLS structuring, rules and compliance, governance, training, customer support, technology vendor management, and communications.

“We are thrilled to offer our expertise in successful MLS execution with Igluu and jointly support the real estate community in Europe, that chooses to work with both of us on their future path,” said Merri Jo Cowen, CEO of Stellar MLS and UCO. “We are committed to aligning with like-minded innovators who share our values of quality customer service and excellence, and understand the importance of data integrity to elevate the global real estate market.”

“Our mission is to empower and improve peoples’ lives by creating a value through simple, transparent and efficient home processes experiences. We are pleased to collaborate with UCO, to learn from each other and to keep exploring new business models and opportunities in a quickly changing and increasingly digitized world,” said Martin Mucha, CEO of Igluu.

“Igluu’s model lends itself to an integrated transaction lifecycle, and UCO adds the know-how to ensure successful execution across all business aspects and scale in a given market” said Dr. Mathew Kallumadil, UCO Vice President of Global Markets and Stellar MLS Vice President of Technology and Innovation.

UCO has been actively engaged in global forums in France and Germany to support a forward-thinking approach to transforming the real estate industry. In October, UCO is a title partner of the International MLS Forum in Milan, where representatives of 45+ global markets are meeting to understand and develop the MLS concept to bring about trust and transparency. UCO’s presence is supported through its partnerships with CEPI, the European Association of Real Estate Professions, and FIABCI, the International Real Estate Federation.

About UCO

With a mission to support real estate professionals across the globe, UCO offers expertise including but not limited to market entry, MLS development, and cross-border transactions. This expertise stems from a management team with over 100 years of combined experience in the real estate industry, including globally recognized business leaders who have worked with world-class organizations, and international professionals with 40 years of collective global experience, many of whom are fluent in multiple languages. By collaborating with global organizations like CEPI and FIABCI, UCO delivers tailored solutions to help real estate markets thrive globally, with an emphasis on trust, transparency, innovation, and sustainable growth. Whether you are enhancing existing operations or building new ones from the ground up, UCO is committed to helping real estate markets thrive – UCO specializes in meeting clients’ unique needs, wherever they may be in their MLS journey.

About Igluu

Established in 2021 through a strategic partnership between ČSOB (KBC Group) and Stratus Data Systems, Igluu ​​was created to advance the Czech and European real estate sector. The Igluu ​​platform heralds a new era for the real estate industry. Igluu re-imagined the U.S. model and developed a European, award-winning, MLS platform based on international RESO standards while gradually integrating bancassurance services, such as digital mortgages. The next-generation platform streamlines manual tasks with an elegant, user-friendly interface, automates processes, and fosters collaboration between clients and real estate professionals on simple and transparent digital marketplace.