Verified 201-Commercial-Banking-Functional Dumps Q&As - 201-Commercial-Banking-Functional Test Engine with Correct Answers
Pass Your 201-Commercial-Banking-Functional Dumps as PDF Updated on 2022 With 153 Questions
NEW QUESTION 21
True or False? The roles used in loan team member alerts configuration are the standard Salesforce roles.
- A. True
- B. False
Answer: B
NEW QUESTION 22
Which of the following ways can a Loan be created in nCino (Select 2)
- A. New Loan Product button from Relationship
- B. Adding from Entity involvement related list
- C. New Loan Product button from Relationship
- D. Converting a Lead to a Loan
Answer: D
NEW QUESTION 23
True or False? A Loan converts to a lead through the "Convert to nCino" button.
- A. True
- B. False
Answer: B
NEW QUESTION 24
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?
- A. The loan number for loan 12345R-1 is updated to 12345_ORG
- B. Loan 12345R-1 updates to 12345R-2
- C. The loan is deleted
- D. The R-1 appendage on loan 12345R-1 is removed
Answer: D
NEW QUESTION 25
What icon represents a Relationship record in nCino?
- A. Money Bag
- B. Coin
- C. Folder
- D. Small Green Man
Answer: C
NEW QUESTION 26
Which loan field is Not required to be filled out to initially create a Rate and Payment Stream?
- A. First Payment Date
- B. Loan Term (Months)
- C. Loan Amount
- D. Amortized Terms (Months)
- E. Index
Answer: E
NEW QUESTION 27
True or False? When curating data in an excel sheet, Leading zeros are sometimes hidden.
- A. True
- B. False
Answer: A
NEW QUESTION 28
Which of the following ways can a Loan be created in nCino? (Select Two)
- A. New Loan Product button from Relationship
- B. Converting a Lead to a Loan
- C. Collateral Management Manage Collateral Button
- D. Adding from Entity Involvement Related List
Answer: A,C
NEW QUESTION 29
Which section of your homepage can be configured to show the reports you choose to have displayed?
- A. Contacts
- B. My Tasks
- C. Calendar
- D. Dashboard
Answer: D
NEW QUESTION 30
When configuring Loan Team Member alerts, what loan field is populated via workflow to initiate the notification?
- A. Loan Alerts
- B. Team Alerts
- C. Notification Alert
- D. Team Member Alerts
Answer: B
NEW QUESTION 31
A "Standard Fee" is defined as: (Choose 3)
- A. A fee that can be queued up automatically to be added to a specific loan product
- B. A fee that can be queued up automatically to be added when a loan hits a specific stage
- C. A fee that exists as an option in the "Fee Type" Picklist on the Fee Object
- D. A fee that can be queued up automatically with a preset amount
- E. Any fee that a Financial Institution might add to a loan
Answer: A,B,D
NEW QUESTION 32
Covenant Compliance records are created "X" days prior to the "Next Evaluation Date" based on?
- A. The status
- B. The Covenant type
- C. The frequency
- D. The number of days specified by the user
Answer: B
NEW QUESTION 33
True or False? Once a loan has been put into the approval process, the record will be locked until an action is taken.
- A. True
- B. False
Answer: A
NEW QUESTION 34
True or False: The packaged Setup of nCino UI will have Risk Rating already configured.
- A. True
- B. False
Answer: A
NEW QUESTION 35
Where are the graphics for the nodes used on the Overview tab (Process View Images) housed?
- A. Custom Labels
- B. Desktop Administration
- C. Apps
- D. Installed Packages
- E. Static Resources
Answer: E
NEW QUESTION 36
The Financial Indicator Value is determined by:
- A. The Loan Covenant
- B. The Covenant Compliance
- C. The value specified by the user
- D. The Covenant Type
Answer: C
NEW QUESTION 37
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?
- A. Credit Memo
- B. New Limit/Sub/Takedown
- C. Manage Customer Portal
- D. Sharing
Answer: B
NEW QUESTION 38
True or False? List views should be created for each Stage on the Loan Object.
- A. True
- B. False
Answer: A
NEW QUESTION 39
Collateral Management records must have what child record?
- A. Collateral Pledged
- B. Lien
- C. All of the Above
- D. Collateral Ownership
Answer: D
NEW QUESTION 40
How Does nCino use Risk Rating? (Choose 2 answers)
- A. Customize Rating Worksheets
- B. Automatically updates all Rating Worksheets
- C. Customize Rating Worksheets
- D. Allows use of an Approval Process to manage requests
Answer: D
NEW QUESTION 41
When using reports to assist in a data load, which file type should that report be saved as?
- A. PDF
- B. CSV MS-DOC
- C. CSV (Comma Delimited)
- D. Excel Workbook
Answer: C
NEW QUESTION 42
What is the name of the junction object that typically ties Loans to Relationships and Deposits?
- A. Entity Involvement
- B. Connections Plus
- C. Collateral Management
- D. Entity Management
Answer: A
NEW QUESTION 43
True or False: To access the Default Rate Indices one would navigate via Setup>Develop>Custom Settings>Manage records next to Index
- A. True
- B. False
Answer: B
NEW QUESTION 44
True or False? When Creating a New Risk Grade Template you should Always use the Create New Risk Grade Template Button.
- A. True
- B. False
Answer: A
NEW QUESTION 45
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