201-COMMERCIAL-BANKING-FUNCTIONAL Online Practice Questions and Answers

How can you calculate a risk rating (Select 2)?

A. Qualitative

B. Narratives

C. Quantitative

D. Template

Covenants are automatically marked active when:

A. The loan is paid off

B. 30 days before the Next Evaluation Date

C. The Loan is Booked

Which of the following functions are available with the Schedule an Event feature?

A. Create an All Day Event

B. Create a Recurring Event

C. Create a time block on your calendar for the event

D. All of the above

True or False: Once the entire Loan term is defined, the payment structure data from the first payment stream is pushed back to the loan object and saved. This overwrites existing data on the loan object.

A. True

B. False

What determines the available choices of Product Line, Product Type, and Product picklists?

A. Field Level Security

B. Field Dependencies

C. Clickback protection

D. Workflow + Field update

True or False: Collateral Management records should be created for each loan they are associated with.

A. True

B. False

When renewing/modifying a loan, an appendage is added to the loan number. This is configured where?

A. nCino Administration

B. Custom Settings

C. CFG_ConfigKeys

D. CFG_ConfigValues

Which of the following are true about the LLC_BI__Fee__c object? (Choose 2)

A. It has a Master Detail Relationship up to the Loan object.

B. It has a Lookup Relationship up to the Loan object.

C. One Fee record is used to store all the Fees for a Loan.

D. Every Fee on a loan has a separate unique record to represent that Fee.

Collateral pledged impacts which calculation?

A. Available lendable value

B. Loan to value

C. Debt Service coverage ratio

D. None of the above

You can create a new task off of which of the following objects?

A. Change Memo

B. Loan Modification

C. Risk Rating

D. Covenant

E. All of the above

Which of the following ways can a Loan be created in nCino? (Select Two)

A. Converting a Lead to a Loan

B. New Loan Product button from Relationship

C. Adding from Entity Involvement Related List

D. Collateral Management Manage Collateral Button

True of False: By default, the total exposure includes any proposed direct or indirect exposure.

A. True

B. False

The nCino UI provides the users with all of the following, except:

A. An intuitive layout that reduces learning curve in adapting to and using the layout effectively

B. A Streamlined navigation and presentation of data by keeping all relevant information in one view pane (you are only presented with the information you need to know)

C. A 1-to-1 replacement of native Salesforce Ul functionality

D. Consistent experience across devices

For a user to generate a record below the Main on the loan record in nCino, which button are you required to add to the page layout?

A. Credit Memo

B. Sharing

C. Manage Customer Portal

D. New Limit/Sub/Takedown

True or False: An Admin will Visit the ManageRates Visualforce Page to adjust the rate for a given index.

A. True

B. False