Phil Naylor to exit MFAA in December

Phil Naylor has announced his intentions to resign as the chief executive officer of the Mortgage and Finance Association of Australia, taking effect 24 December.

No successor has been appointed after Naylor’s 12 years in the job.

After being at the Australian Retailers Association, he started in 2002 when the MFAA was known as the MIAA, a trade association with 2,200 members.

In 2006 the Mortgage Industry Association of Australia broadened its charter and changed its name to the Mortgage and Finance Association of Australia.

The MFAA has almost 11,000 members.

He championed uniform broker legislation.

He said getting "the rogue mortgage broker off the front page of the news" as one of his most significant achievements by cleaning up the industry along with regulators.