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 Denia
...
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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