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nCino Certification Questions

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nCino Certification Questions ___________ is used to notate the reasons for denial of the Loan - and after approval, this record is stored on the Loan page for future reference. Decline Loan Reasons Reasons for Denial Covenant Compliance Adverse Action - ✔✔Adverse Action 'Is Multiple' Fee checkbox - ✔✔NOTE: This is what allows "Standard" Fees to be applied to a loan multiple times 1. Using the upload files button 2. Using the upload file in the expanded view 3. By dragging and dropping 4. Using drag & drop in the expanded view 5. Using drag & drop in file staging 6. By right-clicking - ✔✔6 ways to upload documents to document manager: A "Standard Fee" is defined as: - ✔✔- A fee that can be queued up automatically to be added to a specific loan product. - A fee that can be queued up automatically to be added when a loan hits a specific stage. - A fee that can be queued up automatically with a preset amount. A "Standard Fee" is defined as: (Choose 3) A fee that can be queued up automatically to be added to a specific loan product A fee that can be queued up automatically to be added when a loan hits a specific stage Any fee that a Financial Institution might add to a loan A fee that can be queued up automatically with a preset amount A fee that exists as an option in the "Fee Type" Picklist on the Fee Object - ✔✔A fee that can be queued up automatically to be added to a specific loan product A fee that can be queued up automatically to be added when a loan hits a specific stage A fee that can be queued up automatically with a preset amount A covenant is: Tied directly to the contact record in nCino Used in the carwash A condition in a loan that requires the borrower to fulfill certain conditions or which forbids the borrower from undertaking certain actions, or activities. Property or other assets that a borrower offers a lender to secure a loan. - ✔✔?A condition in a loan that requires the borrower to fulfill certain conditions or which forbids the borrower from undertaking certain actions, or activities. Article: A covenant is often added to a commercial loan or relationship as a condition of approval by the lender. A loan with loan number 12345 is renewed. This creates a new Loan record with Loan number 12345R-1. When Loan 12345R-1 books the stage is updated to the 'booked' stage. What happens to the 12345R-1 loan's loan number when the 12345R-1 loan books? The loan is deleted Loan 12345R-1 updates to 12345R-2 The R-1 appendage on loan 12345R-1 is removed The loan number for loan 12345R-1 is updated to 12345_ORG - ✔✔The R-1 appendage on loan 12345R-1 is removed A loan with loan number 12345 is renewed. This cr

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