DocMagic, a provider of compliant loan document preparation, compliance, eSign and eDelivery solutions, announced the addition of Gavin Ales as the company’s new chief compliance officer.
Ales joins DocMagic from Prospect Mortgage, where he was deputy chief compliance officer.
Ales brings experience in mortgage banking compliance; federal and state regulatory compliance; financial services law; real estate law; and consumer credit law to DocMagic.
At DocMagic, Ales will be involved in the development, implementation and maintenance of DocMagic’s compliance products and services.
Ales is tasked with 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.
“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,” Iannitti concluded.