A closer
look at the various systems within HUD further elucidates
that they maintain housing and a large number of lenders,
PHAs and other entities. As HUD funds a lot of initiatives
such as low income and rental assistance, it is constantly
dealing with dynamic data that needs to be verified
in order to determine the accuracy of such data submitted
by families, agencies and lenders. Risk management is
an integral part of how HUD should divert funds in a
fair manner. 2M has a wealth of experience in the insurance
industry, to include Underwriting, Risk Management,
Policy Services, and Auditing that parallels HUD's aforementioned
key requirements. 2M has demonstrated this through its
innovative COTS product development, ww.InsuranceIsland.com.
This product is a key enabler of the technology, providing
customer relationship management, underwriting, risk
management, policy services, agency audits, and a plethora
of services related to the financial industry. Today,
InsuranceIsland supports elite clients in the insurance
industry such as Allstate Insurance, Farm Bureau Insurance,
Titan Insurance, and Nationwide Insurance, to name a
few. The application is constantly updated and hosted
from our facility in Cleveland.
Our project managers also have domain
experience, eliminating some of the risks arising from
a lack of business knowledge and experience. Lack of
project management is the principal cause of project
failures. At 2M, all of our project managers not only
have project management experience, but also the required
domain experience for a particular project. For instance,
our PM will have financial, lender, and real estate
data experience so that the entire team realizes HUD's
mission. Technology is a tool to accomplish that mission.
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