Winter Special Flat 65% Limited Time Discount offer - Ends in 0d 00h 00m 00s - Coupon code: suredis

Salesforce 201-Commercial-Banking-Functional SalesforcenCino 201 Commercial Banking Functional Exam Exam Practice Test

SalesforcenCino 201 Commercial Banking Functional Exam Questions and Answers

Question 1

When loans are renewed or modified, the financial institution would like to ensure that Loan Team Members (related list) are not copied from the original loan. Which ConfigVal setting should be reviewed or edited to prevent this?

Options:

A.

Relatives_To_Clone

B.

Renewal_Fields_To_Clone

C.

Relative_Fields_To_Clone

D.

Renewal_Feature_Enabled

Question 2

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

Options:

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.

Question 3

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

Question 4

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

Question 5

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

Options:

A.

True

B.

False

Question 6

True or False: You don't need a field set in order to Build the Layout for a Screen Section.

Options:

A.

True

B.

False

Question 7

What Collateral MGMT Placeholders are generated in Loan Docman when Collateral is pledged?

Options:

A.

Those flagged with "Import Me" checkbox

B.

All Placeholders

C.

5 Oldest Placeholders

D.

Only Approved Documents

E.

Those marked as in file

Question 8

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

Question 9

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

Question 10

What field on the Loan controls Total Reviewable Loan Facilities? (Pick one)

Options:

A.

In Review

B.

Is Ready Review

C.

Loan Number

D.

None of the above

Question 11

To use RLTV, financial institutions need to ensure they currently use which of the following features?

Options:

A.

Both Enhanced Collateral Management and Total Exposure

B.

Enhanced Collateral Management

C.

Total Exposure

D.

None ofthe above

Question 12

True of False? Risk rating can include both qualitative and quantitative values.

Options:

A.

False

B.

True

Question 13

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

Question 14

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

Options:

A.

Outbound message

B.

Email alert

C.

Field update

D.

Create task

Question 15

The navigation items organized vertically across the left side of the nCino User Interface are called:

Options:

A.

Alternate routes

B.

Parent routes

C.

Sub-routes

D.

Tertiary routes

Question 16

How do I Modify/Renew a Loan from Product Package?

Options:

A.

Credit Actions button

B.

Navigate to loan and then modify/renew

C.

Manage Loan button

D.

Bulk Actions button

Question 17

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

Options:

A.

True

B.

False

Question 18

The Address is found on which object?

Options:

A.

Loan

B.

Collateral Pledged

C.

Lien

D.

Collateral Management

Question 19

Select the options that best summarize what a Product Package is. (Choose all that apply)

Options:

A.

Aggregation of Loans and ancillary data (Fees, Collateral, etc.)

B.

Bulk Actions to Loans (Modify/Renew, Submit for Approval, Review)

C.

Manage Relationship Statistics

D.

Unified Credit Memo and Forms Gen

Question 20

True or False? You can add Fees from Product Package.

Options:

A.

True

B.

False

Question 21

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

Question 22

The Financial Indicator Value is determined by:

Options:

A.

The value specified by the user

B.

The Covenant Type

C.

The Loan Covenant

D.

The Covenant Compliance

Question 23

Which child object of a Covenant Management record can have multiple records? (Select 2).

Options:

A.

Covenant Type

B.

Covenant Compliance

C.

Account Covenant

D.

Loan Covenant

Question 24

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

Options:

A.

True

B.

False

Question 25

Which one of the following is NOT a tab available on your Homepage toolbar?

Options:

A.

Loans

B.

Summary

C.

Overview

D.

Reports