The Mortgage Bankers Association said Allison Utermohlen, a 20-year veteran of the trade group, is retiring as its senior director of accounting policy.

The trade group said Monday that it has hired James P. Gross to succeed Ms. Utermohlen.

Mr. Gross will hold the title of associate vice president of accounting, tax, and bank regulation. He was previously the chief financial officer for NetBank Inc., the $2.5 billion-asset thrift company that failed in September. While at NetBank, he designed internal reporting systems for two mortgage production units.

Earlier he had been the CFO or controller for several small and midsize banking companies.

In his new position he will develop the Washington trade group's strategy for legislative and regulatory issues surrounding accounting and tax policies and regulatory capital, the MBA said.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.