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201-Commercial-Banking-Functional Sample Questions Answers

Questions 4

Which Selection is NOT a Modification Frequency Value that can be set per index?

Options:

A.

Adjusted Yearly

B.

Adjusted as needed

C.

Adjusted Daily

D.

Adjusted Hourly

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Questions 5

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.

Options:

A.

True

B.

False

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Questions 6

What Icon represents a Loan record in nCino?

Options:

A.

Money Bag

B.

Small Green Man

C.

Coin

D.

Folder

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Questions 7

True or False: The packaged Setup of nCino UI will have Risk Rating already configured.

Options:

A.

True

B.

False

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Questions 8

True or False? Updating the Status of the Covenant Management record will generate a Covenant Compliance record.

Options:

A.

True

B.

False

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Questions 9

True or False? On a Change Memo, you have to manually go back into the Loan record to update any new changes to fields like terms, rate, amount, etc.

Options:

A.

True

B.

False

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Questions 10

After you begin Spreading, what is the first step a user must complete before adding income statements?

Options:

A.

Export the bundle

B.

Set Fiscal Year End

C.

Check the Common Sizing box

D.

Select number of months in a period

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Questions 11

True or False? Document Manager requires permission sets in order for users to upload documents.

Options:

A.

True

B.

False

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Questions 12

In Custom Settings, what is the name of the System Property that when configured will impact how exposure is calculated in nCino?

Options:

A.

CTI Guarantor

B.

Pricing.RateStructure.Fixed

C.

Exposure Exclusion

D.

Hierarchy

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Questions 13

In the nCino UI, bold contents contained within a field denotes data:

Options:

A.

That has recently been saved

B.

That has been entered but not yet saved

C.

That is incorrect value for the field type it is entered in

D.

That is used in a formula field elsewhere in the system

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Questions 14

The Customer Information (CIP information - i.e. date of birth, drivers license) for an Individual Relationship is stored here.

Options:

A.

Leads

B.

Connections

C.

Contacts

D.

Overview

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Questions 15

Covenants are automatically marked active when:

Options:

A.

The loan is paid off

B.

30 days before the Next Evaluation Date

C.

The Loan is Booked

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Questions 16

True or False: When creating a New Risk Grade Template you should Always use the Create New Risk Grade Template Button.

Options:

A.

True

B.

False

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Questions 17

True or False? Risk Grade Groups can be associated with Multiple Risk Grade Templates.

Options:

A.

True

B.

False

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Questions 18

The nCino solution is compatible with Salesforce Lightning user experience.

Options:

A.

True

B.

False

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Questions 19

For a user to add a 'Non-Standard' Fee to a loan:

Options:

A.

The Fee must exist as an option in the 'Fee Type' picklist on the Fee Object

B.

They need access to a text field labeled 'other' to enter the fee type

C.

They need a special custom object to track Non-Standard Fees

D.

The Fee must exist as a record of the Template Object

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Questions 20

The Process Overview provides a visual representation of the number of Loans categorized by which of the following?

Options:

A.

Loan Status

B.

Loan Stage

C.

Loan Amount

D.

Loan Product

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Questions 21

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?

Options:

A.

Credit Memo

B.

Sharing

C.

Manage Customer Portal

D.

New Limit/Sub/Takedown

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Questions 22

When configuring Loan Team Member alerts, what loan field is populated via workflow to initiate the notification?

Options:

A.

Loan Alerts

B.

Team Alerts

C.

Team Member Alerts

D.

Notification Alert

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Questions 23

True or False? A Limit or a Sub Limit adds additional exposure to the overall hierarchy.

Options:

A.

True

B.

False

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Questions 24

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

Options:

A.

True

B.

False

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Questions 25

What is the proper way to enter in a weight value of 50 percent for Risk Grade?

Options:

A.

0.5

B.

0.05

C.

50%

D.

50

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Questions 26

When using nCino Forms Generation, where are the templates stored so that a user can access to edit?

Options:

A.

Forms Manager

B.

Templates can't be edited once saved

C.

nCino Administration

D.

Forms Templates

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Questions 27

True or False? The nCino Fees Feature can automatically calculate a fee as a fixed amount or a percentage of some other amount.

Options:

A.

True

B.

False

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Questions 28

Covenant Compliance records are created "X" days prior to the "Next Evaluation Date" based on?

Options:

A.

The number of days specified by the user

B.

The Covenant type

C.

The frequency

D.

The status

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Questions 29

True or False: An approval process can fire email alerts to a group of users.

Options:

A.

True

B.

False

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Questions 30

Once the Covenant Compliance record is set to Compliant status, the Next Evaluation Date on the parent Covenant automatically moves forward based on the frequency set on the parent Covenant. This is accomplished via workflow rules and can be customized.

Which of the following is necessary for a sync with records coming from the Core?

Options:

A.

A match on the Relationship Social Security Number or Tax ID

B.

A match on the lookupKey value for the record

C.

A match on the name of the record

D.

A Salesforce ID match

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Questions 31

Which of the following is NOT an example of a Fee that should be tracked using the nCino Fee Management feature?

Options:

A.

Appraisal

B.

Attorney

C.

Loan Origination

D.

Credit Card Late Payment Charge

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Questions 32

True or False? The Loan Exception file catches loan duplicates from coming into the system.

Options:

A.

True

B.

False

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Questions 33

Which section of your homepage can be configured to show the reports you choose to have displayed?

Options:

A.

Dashboard

B.

Contacts

C.

Calendar

D.

My Tasks

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Questions 34

True or False? New Covenant Management records are created when the "Next Evaluation Date" is met.

Options:

A.

True

B.

False

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Questions 35

True or False? A Loan converts to a lead through the "Convert to nCino" button.

Options:

A.

True

B.

False

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Questions 36

In nCino, which designation in the default structure hierarchy captures the record of principal advance?

Options:

A.

Limit

B.

Current Takedown

C.

Main

D.

Sub Limit

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Questions 37

To access the Default Rate Indices one would navigate via Setup>Develop>Custom Settings>Manage records next to Index

Options:

A.

True

B.

False

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Questions 38

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

Options:

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

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Questions 39

True or False? During Approval Process, the Stage field on Product Package and Loan are what controls the syncing of Approval.

Options:

A.

True

B.

False

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Questions 40

When configuring Loan Team Member alerts, what workflow action is utilized?

Options:

A.

Outbound message

B.

Email alert

C.

Field update

D.

Create task

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Questions 41

True of False? The relationship statistics section comes with a default collection of exposure calculations.

Options:

A.

False

B.

True

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Questions 42

What is the name of the junction object that typically ties Loans and Deposits to Relationships?

Options:

A.

Entity Engagement

B.

Collateral Management

C.

Entity Involvement

D.

Connection Plus

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Questions 43

True of False? In order to override a risk grade computed value, you must add comments in order for it to be saved.

Options:

A.

True

B.

False

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Questions 44

True or False? The roles used in loan team member alerts configuration are the standard Salesforce roles.

Options:

A.

True

B.

False

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Questions 45

Which process gives you the most similar view of nCino on your mobile device?

Options:

A.

Salesforce1 App

B.

Browser

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Questions 46

True or False? A Loan that is processed through nCino will typically go through multiple approval processes.

Options:

A.

True

B.

False

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Questions 47

True or False: Spelling and punctuation should match exactly when configuring back end product catalog and front end product catalog.

Options:

A.

True

B.

False

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Questions 48

Where would a Route with the App Name of 'third-party-reports' display if you assigned it to a Group via Route Group and did NOT give it a Parent Route?

Options:

A.

In the Magic Wand

B.

It won't render because it doesn't have a Parent Route

C.

The Main Navigation

D.

The Secondary Navigation

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Questions 49

From the default structure hierarchy in nCino, which options can have one or many options below them in the hierarchy? (Choose three)

Options:

A.

Sub Limit

B.

Current Takedown

C.

Main

D.

Limit

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Questions 50

True or False? Once a loan has been put into the approval process, the record will be locked until an action is taken.

Options:

A.

True

B.

False

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Exam Code: 201-Commercial-Banking-Functional
Exam Name: SalesforcenCino 201 Commercial Banking Functional Exam
Last Update: Oct 2, 2024
Questions: 169
$64  $159.99
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