The reverse mortgage market has seen a boom in the past year, and with the majority of the baby-boomer generation turning 62 (the minimum age to be eligible for a reverse mortgage) in the next couple of years, it's likely to grow even more in 2007.

Taking this into account, Reverse Mortgage of America, a division of Seattle Mortgage Co. that has been originating and servicing reverse mortgage loans for more than 10 years, has launched some initiates to prepare for the new year.