nCino 301 Commercial Banking Configuration Practice Exam

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• What does not cause exposure to automatically recalculate if "Is Automatic Calculation" is enabled?
• What functionality does the Exposure Type field provide?
• What is the purpose of a Change Memo?
• When are notifications sent out after a loan is approved or rejected?
• What is the purpose of the "Is Hidden" checkbox in nCino route configuration?
• What are the most common data points included when configuring Retail Loan Auto-Decisioning?
• In nCino, what is the significance of "Workflow Rules"?
• What does nCino help to improve in terms of customer experience?
• What is the "Performance Tracking" feature used for in nCino?
• Which of the following best describes the role of feedback in nCino?
• Can Melanie customize what related lists and fields display for covenants, and is this process optional?
• How can banks customize nCino to better meet their needs?
• What benefit does the nCino platform provide to the lending process?
• How can nCino enhance the efficiency of document collection?
• Which of the following is NOT a first-time configuration process mentioned?
• Which element is NOT a required component for successful automated covenant testing?
• What aspect of service does Inventory Management influence in nCino?
• What type of document can be automatically generated to handle declines and withdrawals?
• What is the first requirement to configure Credit Actions?
• With the Covenant Manager page, what can you select from the list?
• What characteristic does the Total Exposure functionality sum up?
• What is the "User Interface" in nCino known for?
• When planning implementations, what is nCino's recommended timing for taking on new releases?
• Which aspect of nCino supports document retrieval?
• What does nCino's configuration options allow banks to modify?
• What role do "Alerts and Notifications" serve in nCino?
• What is the purpose of a Protective Covenant?
• What does "Financial Analysis" refer to in nCino?
• What role does the nCino "Admin" play within an organization?
• Which field must be added to the Covenant Management object page layout for retroactive population?
• Do loan renewals from a parent loan initiate a loan renewal for any associated child loans?
• What is an affirmative covenant in a loan agreement?
• Name an advantage of using nCino for processing loan applications.
• What function does the Feedback Mechanism serve in nCino?
• What is the consequence of defining a Connection Role record as "Self-Reciprocating" in nCino?
• What is the significance of "Integration Services" in nCino?
• What are the five options that users have under Credit Actions?
• Which configuration is required only when Product Package supports a facility hierarchy?
• Can the Collateral Coverage calculation field be modified to meet the financial institution's specific needs?
• What controls whether Spreads are used when automatically testing covenant compliance?
• What is the purpose of “Credit Underwriting” in nCino?
• In the context of covenants, what does compliance testing involve?
• What data points can be summed using the Total Exposure functionality?
• Which field on the Loan object allows a Loan to be approved via the Product Package when checked?
• Which service allows documents to be offloaded nightly to an Electronic Content Management (ECM) system?
• Why is "Mobile Application" functionality crucial for nCino users?
• What is the main purpose of the Parent Opportunity field?
• What role does encryption play in nCino's data security?
• What is a key advantage of using SLAs in the banking workflow?
• True or False: When configuring extensions for Covenant Management, nCino recommends only advanced admins create their own workflow rules with different criteria using the field update: Update Due Date.
• In the nCino User Interface, what are navigation items organized across the left side called?
• Which action can be taken on the Relationship Credit Actions Page?
• What does a user need to edit a document placeholder after its status is approved?
• Explain the term "Batch Processing" in relation to nCino.
• Is the Covenant Manager page field set driven?
• Which action is required before Sole Proprietorship can be configured?
• What aspect of a business does an affirmative covenant typically assess?
• What is meant by "Compliance Tracking" in nCino?
• What type of information does the nCino platform primarily manage?
• How is the original field data on the Loan stored when a Memo is generated?
• What is a crucial permission setting affecting document editing in DocMan?
• What is the "Client Portal" feature in nCino?
• Which type of covenant assesses the financial health of the borrower?
• How does nCino enhance compliance in commercial banking?
• Which of the following statements about removing buttons from the Borrowing Structure page is true?
• How should a business utilize a Line of Credit product effectively?
• Is Household the only Account Type picklist value that must be added?
• What is a "Custom Object" within nCino?
• Why is Inventory Management crucial for banks using nCino?
• Where can the 'Decline Loan' action be found?
• How does nCino facilitate integration with third-party services?
• What would you configure if you enabled the Credit Action Cascading feature?
• Why is training important for nCino users?
• Can Product Package be enabled with Feature Management?
• What is the primary focus of Inventory Management within nCino?
• True or False: When a user creates a loan product for a household relationship, the system creates an entity involvement record for that household.
• How can nCino support "Small Business Lending"?
• What is the role of the nCino CRM?
• What is the focus of commercial lending?
• What happens to a loan record once it enters the approval process?
• How does nCino's digital platform affect customer service?
• What is the first step needed to add a narrative section to the Credit Memo in nCino?
• Why are SLAs important in a banking environment using nCino?
• How does nCino aid in complying with BSA/AML regulations?
• Which aspect of Credit Actions relates to enhancing efficiency?
• What are "Configurable Templates" in nCino?
• What is the outcome if a Change Memo is approved?
• What does "Risk Scoring" in nCino entail?
• Is it required to enable the nCino UI built with LWC feature before configuring Relationship Credit Actions?
• Which key performance indicators can be tracked using the nCino platform?
• Which fields can be used to filter out which loans are used in the Total Exposure calculations?
• What does the Debt to Income Ratio primarily measure?
• True or False: To extend a covenant compliance record's due date without changing the recurring due date of the parent covenant, FIs must first configure the extension of covenants.
• Which lookup on the Product Collateral type object designates the Collateral Type Filtering?
• Which feature aids in managing time-sensitive tasks in nCino?
• Which of the following is NOT a focus of the Feedback Mechanism in nCino?
• Is it best practice to launch the Review process from both the Product Package and Relationship records?
• What type of workflows can be automated using nCino?
• True or False: Users can configure Memo checkboxes as categories that have corresponding loan fields in the Monitored Fields section.
• What is the primary purpose of nCino in commercial banking?
• How does nCino support "Lead Management" for commercial banks?
• What value should be placed in the Body field of the route record to display a non-editable related list in nCino UI?
• Which of the following is NOT a part of the Credit Actions available in nCino?
• How are Service Level Agreements (SLAs) utilized in nCino?
• What is one key benefit of Inventory Management for a bank?
• Why is "Data Migration" important in implementing nCino?
• What is the primary goal of "Customer Experience" improvements in nCino?
• When do nCino releases become generally available?
• Which statement about the Financial Indicator Covenant is true?
• When a renewal loan, 12345_R1, enters the "Booked" stage, what happens to the name of the original Loan 12345?
• What line of credit product is best for a company with fluctuating cash balances?
• True or False: Users can initiate the loan decline process at any time during the approval phase.
• What object is used to set up Conditional Route Rendering in nCino?
• Are Spreads a requirement in all covenant compliance checks?
• On which object should conditional display criteria be configured for conditional route rendering?
• What type of analysis is a key function of nCino in regards to financial data?
• Which component enables the exporting of documents from DocMan?
• Following the nightly scan of Covenant Management records, what object is created to assist with resolving covenants?
• How can nCino's system be described regarding scalability?
• Which feature allows for a conditional display of UI components based on specific criteria?
• How does nCino improve cross-departmental communication?
• Which Salesforce automation tool is used to configure automatic submission for approval of an adverse action record?
• What role does the Adverse Action play in loan processing?
• What benefit does real-time insight offer banks using nCino?
• What role do training resources play in employee development within nCino?
• How does nCino enhance customer onboarding experiences?
• Which statement is true regarding the updated nCino UI with Lightning Web Components?
• Which financial ratio assesses an individual’s ability to manage monthly payments and repay debts?
• Is nCino compatible with Salesforce Lightning Experience?
• What does the term "automated covenants testing" refer to?
• What is the "Digital Banking Solution" in the context of nCino?
• Why is it important for nCino to gather user insights?
• Does nCino build common integrations into the Generally Available product version?
• According to nCino best practices, when should project releases be implemented?
• Is the Covenant Related List compatible with the Lightning UI?
• Which statement regarding the enhanced workflow for the Borrowing Structure page is true?
• What is the significance of "User Roles" in nCino?
• According to the Gold Standard for Relationship Covenants, what should be created on the Relationship object to display all covenant information?
• What type of data does nCino use to enhance customer targeting?
• How does nCino optimize the loan processing experience?
• True or False: You must manually update changes in the Loan record after submitting a Change Memo.
• What does the nCino system automate to improve efficiency?
• What field on the Route and Group records must be unique and is referenced by nCino code to display the Route's contents?
• Which of the following actions requires a Change Memo?
• What is the significance of customizing fields and lists on the Covenants Page?
• How can nCino assist banks in developing marketing strategies?
• How does nCino ensure data security?
• What must be configured before Household configurations can occur?
• What functionality allows a user to see different sets of fields when advancing the loan stage in nCino?
• What is one benefit of using nCino for customer onboarding?
• True or False: Users can search for an entity in the Add Entity pop-out window.
• What benefit does nCino's "Mobile Application" offer to users?
• Which elements must be created from the Covenant Management page for successful automated covenants testing?
• What is the key function of the nCino bank operating system?
• What does the nCino Document Management System allow users to do?
• Select all the processes that are first-time/one-time configurations.
• How does nCino facilitate the loan closing process?
• What is the special field on the Opportunity object that enables the conversion of multiple opportunities simultaneously?
• Which two types of Product Package use cases are defined in nCino?
• What advantages does risk assessment tools in nCino provide?
• What does effective "Lead Management" help banks achieve in nCino?
• What does "Loan Maturity" refer to in nCino?
• How does nCino approach the incorporation of training materials?
• What declarative configuration component is recommended for configuring Collateral Coverage?
• How is the Product Catalog organized, from top to bottom?
• What advantage does nCino offer regarding loan application speed?
• How does nCino assist in risk management for banks?
• What type of data analytics can be accessed within the nCino platform?
• What role does the feature management function serve in product configuration?
• Which nCino route body type allows for the creation of related child records?
• What feature of nCino aids in evaluating loan applicant risk?
• Which component allows for asynchronous renewal and modification functionality?
• What defines a route body type in the nCino interface?
• Which Salesforce environment is nCino built upon?
• Which aspect of loan management does nCino primarily focus on?
• Which of the following is a key benefit of the Client Portal in nCino?
• How can you configure placeholders that always display on DocMan?
• What system is configured to offload documents nightly to an ECM in nCino?
• True or False: nCino suggests entities when using the Add Entity pop-out window.
• In nCino, what does the primary checkbox on a contact record indicate?
• Is multi-lingual functionality currently available for Entity Involvement?
• Which field is used to group Exposure calculations together as filters for a single table?
• After verifying that basic information is correct on the contact record, what is the next best thing to check for credit integration?
• When does an admin need to verify that the Primary Checkbox is set to "True" on a contact record?
• Which action is part of configuring automated covenant testing?
• In the nCino Interface, what does bold text in a field indicate?
• In what ways can nCino support a bank's credit decisioning process?
• What are “Customer Due Diligence” procedures in the nCino system?
• What is the significance of embedding SLAs in workflows within nCino?
• What feature of nCino aids in enhancing operational efficiency?
• How does nCino assist banks with regulatory audits?
• What is a "Pipeline Management" feature in nCino used for?
• What is the purpose of the nCino Reporting Dashboard?
• What happens when a loan is rejected in nCino?
• True or False: Entity involvement is used to drive household exposure.
• What aspect of nCino is crucial for effective loan management?
• Which record determines the list of suggested entities when adding a new entity?
• What does "Loan Lifecycle Management" in nCino primarily focus on?
• True or False: When adding the borrower type, it is essential to specify the Contingent Type, Amount, and Percentage.
• By default, the Basis source field on the Fee object allows for fees to be calculated as a percentage of which related Loan field?
• What is the role of the Performance rule in covenant testing?
• Which type of Product Package would be appropriate for transactional lending?
• How can an admin hide the Deposits route from the UI in nCino?
• What is the term used to notate the reasons for the denial of the loan?
• What are the two required configuration processes for Relationship LTV?
• How does nCino facilitate collaboration among bank employees?
• In what way does nCino enhance Employee Training and Development?