In response to credit unions' growing role in the mortgage market, Callahan & Associates said it has added new features to MortgageAnalyzer, its mortgage market analysis program.

The redesigned program now provides a more robust analysis of mortgage trends for credit unions at the local, state and national levels, according to the Washington-based research firm.

MortgageAnalyzer's new features enable credit unions to analyze an entire market, allowing for more in-depth merger and expansion understanding, and hone market intelligence results using customizable filters Callahan said operate more intuitively, Callahan said.

Program users can also compare performance ratios of any two institutions and export mortgage data into graphical or tabular forms in customizable formats.

“MortgageAnalyzer provides credit unions with an intimate portrait of their local market competitors, even those you can't see when you're walking down the street,” Callahan COO Alix Patterson, said.

The tool also equips credit unions with facts about which institutions are originating locally, as well as helping to explore new market opportunities, Patterson added.

MortgageAnalyzer uses the Home Mortgage Disclosure Act information, which is comprised of more than 19 million data points, according to Callahan.

The company said it scrubs, aggregates and processes the data making it more useful than data download from Federal Financial Institutions Examination Council.

Data is also available for non-depository institutions such as online and non-traditional retailers.