Salesforce nCino 201 Commercial Banking Functional Exam Questions

test2022-10-05T08:27:46+00:00

The latest Salesforce nCino 201 Commercial Banking Functional Exam Questions are newly available, which are valid for your test preparation. Earners of the 201 Commercial Banking Functional badge possess an intermediate knowledge of the nCino Commercial Banking Solution. These candidates have a fundamental understanding of the commercial banking industry and are able to comfortably navigate the commercial loan origination process within nCino. Check the following Salesforce nCino 201 Commercial Banking Functional Exam Questions.

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1. How Does nCino use Risk Rating? (Choose 2 answers)

Customize Rating Worksheets

Allows use of an Approval Process to manage requests

Automatically updates all Rating Worksheets

Customize Rating Worksheets

2. The Product Catalog is configured on the back end by using what tool?

Copy Loan Plus Tool

DM Admin Tool

Standard Cloner Tool

Document Manager Tab

3. Covenants are automatically marked active when:

The loan is paid off

30 days before the Next Evaluation Date

The Loan is Booked

4. 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?

Credit Memo

Sharing

Manage Customer Portal

New Limit/Sub/Takedown

5. True or False: When curating data in an excel sheet, leading zeros are sometimes hidden.

True

False

6. True or False: Spelling and punctuation should match exactly when configuring back end product catalog and front end product catalog.

True

False

7. Where can a User find "Recent Items"?

Side Pane

Center Pane

8. True or False: The Process Overview enables nCino users to have a comprehensive view of all Relationships in the system.

True

False

9. Any financial documents for your borrower should be saved in the __________.

Relationship Document Manager

Connections

Loan Document Manager

Overview

10. True or False? Activity History shows any prior CRM activities performed (phone calls, email sent, meetings, etc) and Open Activities shows any pending tasks.

True

False

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11. What icon represents a Relationship record in nCino?

Money Bag

Small Green Man

Coin

Folder

12. True or False? Fields can be made Editable in the Pending Facilities section in Product Package.

True

False

13. What is the proper way to enter in a weight value of 50 percent for Risk Grade?

0.5

0.05

50%

14. Which process gives you the most similar view of nCino on your mobile device?

Salesforce1 App

Browser

15. When are notifications sent out after a loan is approved or rejected?

Weekly

Daily

Monthly

Automatically

16. When using reports to assist in a data load, which file type should that report be saved as?

Excel Workbook

PDF

CSV MS-DOC

CSV (Comma Delimited)

17. In Custom Settings, what is the name of the System Property that when configured will impact how exposure is calculated in nCino?

CTI Guarantor

Pricing.RateStructure.Fixed

Exposure Exclusion

Hierarchy

18. True or False? A Change Memo is used to request an approval to change terms, rate, amount, etc. AFTER the Loan has already been approved - but BEFORE the Loan has been closed/booked.

True

False

19. True or False: An approval process can fire email alerts to a group of users.

True

False

20. What field on relationship is recommended to be used when starting Relationship Docman Smart Checklists?

Type

Name

Industry

LookupKey

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

Both Enhanced Collateral Management and Total Exposure

Enhanced Collateral Management

Total Exposure

None ofthe above

22. Where can the Interest Accrual Method be changed?

Product Line

Manage Rates Tab

Product Type

Index

23. True or False? On a Change Memo, you have to manually go back into the Loan record to update any new changes to fields like terms, rate, amount, etc.

True

False

24. True or False: When creating a New Risk Grade Template you should Always use the Create New Risk Grade Template Button.

True

False

25. Which nCino feature is required to be utilized when setting up multi-tiered loan structure?

Credit Memo

Rate Structure

Product Package

Spreads

26. Which SOQL Query would return the fields: Name, Billing address (street,city,state,zip) and phone number of all Relationships (Account) with the billing state of North Carolina with no syntax errors?

SELECT NAME, BILLING ADDRESS, PHONE FROM ACCOUNT WHERE BILLINGSTATE = 'NC'

SELECT NAME, BILLING ADDRESS PHONE FROM ACCOUNT WHERE BILLINGSTATE = NC

SELECT NAME, BILLING ADDRESS, PHONE FROM ACCOUNT HAVING BILLINGSTATE = 'NC'

SELECT NAME, BILLING ADDRESS, FROM ACCOUNT WHERE BILLINGSTATE = 'NC'

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

True

False

28. When configuring the form template, which of the following items are nCino's recommended best practices?

Copy field API Values from the "Show Available Fields" window to eliminate any misspellings caused by manual entry.

Ensure that all quotation marks within queries are the straight quotes " " instead of utilizing the curly Microsoft Word quotation marks.

When configuring a query within a table, navigate to Table Properties and uncheck the "Automatically Resize" checkbox.

Utilize the Schema Builder functionality when uncertain about how to query to a certain field on a related object to understand the data structure and how objects are connected.

29. 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

30. True or False? The packaged Setup of nCino UI will have Risk Rating already configured.

True

False

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31. The 'Loan Details' Main Navigation has Sub Navigation called Questionnaire that should be the first Route that is seen when clicking the 'Loan Details'.

Where is the 'Default Context' checkbox checked to make the Questionnaire show up first?

Route

Route Group

Group

Screen Section

32. The Financial Indicator Value is determined by:

The value specified by the user

The Covenant Type

The Loan Covenant

The Covenant Compliance

33. What is the name of the junction object that typically ties Loans and Deposits to Relationships?

Entity Engagement

Collateral Management

Entity Involvement

Connection Plus

34. The Process Overview provides a visual representation of the number of Loans categorized by which of the following?

Loan Status

Loan Stage

Loan Amount

Loan Product