ACH System Enhancement Update
Cenlar is enhancing our ACH system to automate the delivery of financial transactions to the Federal Reserve Bank. In preparation for this Q317 enhancement, a unique Company ID has been assigned to each ACH file. Through testing, we have uncovered a need for an additional company ID. Starting 9/29/17, we will begin using 9REDEP for the representation of borrower ACH payments. Below are the ACH transactions/files that have been/will be replaced with the Company IDs listed.
Purpose of Transaction | Company ID |
Recurring Draft | 9Drafting |
1X Draft (Phone and Web) | 9DFT4 |
1X Draft (Ventanex Mobile) | Ventanex |
1X Branch Payment | ClntBrPmts |
Manually Generated ACH transactions (borrower payments, investor payments, accounts payable) | 9BankOps |
Accounts Payable | 9ACCTBANK or 9ACCTCORP depending on Cenlar Legal Entity |
Investor Remittance ACH File (transactions with a description of Cenlar FSB-NJ CPI T690) | No Change |
Borrower ACH Payments | 9REDEP |
Please make note of this change to ensure financial transactions sent to your institution are not impacted. If you have a block on transactions based upon the Company ID, please make certain to notify your correspondent bank or update your banking system to allow transactions from the above listed Company IDs.