ACH System Enhancement
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. As of August 14, 2017 or shortly thereafter, the current company ID of 21-0534340 will no longer be used for the below listed ACH transactions/files and will be replaced with the Company IDs listed.
|Purpose of Transaction||Company ID|
|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|
We are updating the Company ID now so that 60 days of historical data can migrate to the new system. 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.