DocMagic, Inc., recently named Gavin T. Ales as its chief compliance officer (CCO), according to announcement from the company.
In his new role, Ales will have hands-on involvement in the development, implementation, and maintenance of DocMagic’s compliance products and services. This includes managing DocMagic’s library of mortgage loan documents, which are used by lenders and brokers in all 50 states, the District of Columbia, and U.S. Territories, monitoring legal and regulatory changes, and developing and maintaining DocMagic’s automated compliance tests and audits.
Ales was the deputy chief compliance officer at Prospect Mortgage, LLC, prior to joining DocMagic. He specializes in mortgage banking compliance; federal and state regulatory compliance; financial services law; real estate law; and consumer credit law, among other disciplines.
“We are pleased to have someone with Gavin’s depth of compliance experience and thorough understanding of regulatory rules join our growing team,” said Dominic Iannitti, president and CEO of DocMagic. “Gavin’s solid background in mortgage compliance will undoubtedly help us effectively manage loan document compliance and continue to provide robust automated compliance audits in today’s very fluid mortgage marketplace.”
Additionally, Ales holds a JD from American University’s Washington College of Law, and a BBA with a concentration in Economics as well as a BA in International Studies, both from the University of Mississippi. He is also licensed to practice Law in California as well as Maryland.