How one MLS is leading the way to smarter, faster, and cheaper data delivery for proptech innovation

MIBOR has taken a bold step toward modernizing how real estate technology companies access listing data. In a new partnership announced today, MIBOR is now authorizing Lundy’s Finding Homes platform to operate directly from the Broker Public Portal’s RealAPI, a unified data access layer built by and for brokers and MLSs.

This marks a significant departure from the legacy model where vendors ingest and maintain separate copies of MLS data across dozens of markets. Instead, Lundy will rely on RealAPI’s search-as-a-service infrastructure, already ingesting, normalizing, and updating the MIBOR data feed in real time.

The Difference Matters

Most proptech companies spend a disproportionate amount of engineering time and money rebuilding the same infrastructure for every MLS they integrate with: different schemas, field names, refresh rates, compliance rules, and support procedures. That inefficiency not only slows innovation, it drains budgets that could be spent building customer-facing features.

By authorizing RealAPI access, MIBOR is eliminating redundant engineering and placing itself at the forefront of MLS innovation. This gives Lundy and other vendors the ability to scale faster, cut costs, and focus on delivering exceptional tools for agents and consumers.

From replication to real-time cooperation

The strategic shift is also a milestone for the Broker Public Portal’s mission. RealAPI isn’t just another data pipe. It’s a broker- and MLS-owned technology that offers a single access point, standardized schema, and a usage-based billing model that aligns incentives across the ecosystem.

As Shelley Specchio, CEO of MIBOR, explained, “We’re cutting out inefficiencies and ensuring our members see faster adoption of high-value features from vendors like Lundy.”

Lundy CEO Justin Lundy echoed the benefit: “This partnership lets us do what we do best, deliver intuitive AI and voice tools while relying on BPP’s RealAPI to power the MLS data layer. It’s a shift that accelerates innovation across the entire industry.”

An open invitation to other MLSs

Because RealAPI already houses and maintains normalized MIBOR data, other MLSs that are part of the Broker Public Portal can authorize access with minimal friction. The result: more choice for brokers, faster deployment for vendors, and stronger data governance for MLSs.

Dan Troup, CEO of the Broker Public Portal, put it simply: “We invite more Lundy customers and other apps to take advantage of this infrastructure.”

The bigger picture: digital sovereignty for MLSs and brokers

This announcement isn’t just about a new tech integration. It’s about reclaiming control over the data infrastructure that underpins the real estate industry. RealAPI represents digital sovereignty, a future where MLSs and brokers control how their data is accessed, who uses it, and what value is returned.

WAV Group sees this as a pivotal moment. With MIBOR leading the way, MLSs have a clear model for supporting innovation without surrendering control. And vendors like Lundy have a faster path to building great products.

Press release follows. 

Lundy Taps RealAPI from Broker Data to Power MIBOR Launch

Partnership Delivers Faster, Cheaper, Smarter MLS Integrations for Vendors and Brokers

Indianapolis, Ind. — Oct. 21, 2025 — Lundy Inc. (Lundy), and MIBOR Broker Listing Cooperative (MIBOR), today announced a groundbreaking partnership that will transform how real estate technology companies access MLS data. MIBOR will be authorizing the Broker Public Portal’s RealAPI to fuel Lundy’s Finding Homes platform.

Justin Lundy, CEO of Lundy, Inc. states, “This partnership lets us do what we do best, deliver natural, intuitive voice and AI tools for agents and consumers while relying on BPP’s Search-as-a-Service RealAPI to power the MLS data layer. What Dan Troup and his team at the Broker Public Portal have built for MLSs and brokers makes it possible to move faster, smarter, and with more confidence. It’s a shift that accelerates innovation across the entire industry.”

For decades, every technology vendor has been forced to replicate the same work: ingesting, storing, mapping, and maintaining disparate MLS feeds into a common format across MLS markets. This approach wastes time, slows innovation, and diverts dollars away from building the features that agents and consumers actually need. As an MLS owner of the Broker Public Portal, MIBOR is leveraging the RealAPI so vendors like Lundy can focus entirely on their core competencies. This new connection complements MIBOR’s existing data distribution channels, offering another secure and efficient pathway for innovation. 

“By enabling direct access through the RealAPI, we’re cutting out inefficiencies and ensuring our members see faster adoption of high-value features from vendors like Lundy, while continuing to support other trusted distribution partners like MLS Grid that keep our marketplace running efficiently”, says Shelley Specchio, MIBOR CEO.

In Lundy’s case, this means delivering cutting-edge voice and AI applications that provide agents and consumers the fastest, most accurate MLS search experience available. The Broker Public Portal is already ingesting and maintaining the MIBOR data and normalizing it to a single format for Lundy that can be used for other MLS markets. Thanks to MIBOR, existing and future Lundy Finding Homes customers can feed the application from the RealAPI, saving time and data management costs. Other MLSs may authorize Finding Homes through the RealAPI and provision data in minutes. 

“The Broker Public Portal is owned by MLSs and brokerages, and one of the key sovereign technologies available to our owners is the RealAPI from our BrokerData platform. For MIBOR, that means using RealAPI to deliver data as a service to Lundy, eliminating redundant engineering and replication while providing a better experience. We invite more Lundy customers and other apps to take advantage of this infrastructure,” explains Dan Troup, CEO of the Broker Public Portal. 

Benefits for Vendors

  • Faster to Market: Products can scale into new MLS markets in minutes, not months, bringing the industry closer to the dream of “flipping a switch to turn on a product.”
  • Lower Cost Structures: Shared RealAPI infrastructure eliminates duplicated ingestion and maintenance costs for each vendor.
  • Focus on Core Competency: Vendors can spend resources on building the features that agents and consumers actually see, instead of rebuilding and managing data pipelines.
  • Consistency Across Markets: One API spec, one schema, one query model. There is no need for Lundy or other connected MLS applications to retool for every MLS idiosyncrasy.

Benefits for MLSs & Associations

  • Faster Innovation for Members: Vendors can deploy products more quickly, giving MLS subscribers earlier access to new tools and services.
  • Higher ROI for Members: Instead of half the technology budget going to “plumbing,” every dollar flows toward richer features and better user experiences.
  • Data Governance & Security: RealAPI provides a controlled, auditable distribution layer. Usage-based billing and API-mediated access discourage unauthorized data resale and give MLSs visibility into who is using the data, how often, and for what purpose.
  • Revenue Alignment: Usage-based billing ties data access to actual value creation, creating an ongoing revenue stream for MLSs while ensuring data use complies with MLS rules.
  • Scalable Standards: A unified search backbone reduces inconsistencies across markets, making MLS participation more valuable.
  • Leveraging an Asset of the Brokers and the MLS: MIBOR is an owner of the Broker Public Portal along with other MLSs and brokers. By leveraging the RealAPI asset to feed partner applications like Lundy and others, they extend the value of their asset and maintain sovereignty over data management. 

About MIBOR Broker Listing Cooperative®

The Broker Listing Cooperative® (BLC®), central Indiana’s multiple listing service, is operated by the MIBOR Service Corporation, a wholly owned subsidiary of the MIBOR REALTOR® Association (MIBOR). Serving more than 10,000 real estate professionals, the BLC® powers an efficient and transparent marketplace through trusted data, advanced technology, and seamless distribution. Since 1912, MIBOR has advanced professionalism, innovation, and collaboration to empower members and strengthen the marketplace. Learn more at www.mibor.com.

About Lundy, Inc.

Lundy Inc. is a pioneer in voice-first technology, committed to transforming the real estate industry through inclusive, intuitive solutions. Our flagship products leverage Al and voice commands to make property discovery, transactions, and information accessible to everyone. Visit www.getlundy.io.