John A. Burchett

JOHN A. BURCHETT co-founded Hanover Capital Partners Ltd. in 1989 and
currently serves as Chairman, President and CEO of Hanover Capital
Mortgage Holdings, Inc. From 1987 to 1989, Mr. Burchett was Managing
Director in charge of Mortgage Finance for Bankers Trust Company. His
responsibilities included MBS agency and mortgage whole loan trading;
MBS/derivative securities origination, structuring and sales; mortgage
securities research; and mortgage banking operations. In his two years
at Bankers Trust he built the mortgage finance area up to the level of
competitive Wall Street firms. From 1980 to 1987, Mr. Burchett was co-
head of Mortgage Finance at Citicorp Investment Bank. His duties there
included MBS/derivative security origination, structuring, and sales.
While at Citicorp Investment Bank, Mr. Burchett established their highly
successful Citimae mortgage conduit program. Prior to Citicorp
Investment Bank, Mr. Burchett was a member of Citibank’s Merchant
Banking Group, where he marketed interest rate risk management services
(swaps, caps, floors, etc.) as well as provided merger and acquisition
and private placement services to financial institutions. Mr. Burchett
was Senior Vice President and Chief Financial Officer for one of the
nation’s largest thrifts, City Federal Savings, from 1976 through 1980,
where he was responsible for treasury operations, financial reporting,
asset/liability management, and loan servicing. From 1970 through 1976,
Mr. Burchett held various positions with Fleet Financial Group,
including Manager of Corporate Finance and President of its subsidiary,
SBIC. At Fleet he had a primary role in the acquisition and subsequent
management of Mortgage Associates, which now, as Fleet Mortgage Company,
is one of the nation’s largest mortgage banking firms. Mr. Burchett
holds an MBA in Finance from Columbia University and a BSME in
Mechanical and Aerospace Sciences from the University of Rochester.