Salesforce 201 Commercial Banking Functional Exam Practice Test Instant Access

Question 1

When converting a lead, what is NOT created?

ALoan

BMemo

CIndividual Relationship

DBusiness Relationship

Answer : B

Question 2

Covenant Compliance records are generated until:

Athe Status is changed

BA user deactivates the Covenant Management record

CAll associated Loans are in the Booked Stage

DAll Associated Loans are in the Complete Stage

Answer : C

Question 3

True or False? The nCino Fees Feature can automatically calculate a fee as a fixed amount or a percentage of some other amount.

ATrue

BFalse

Answer : B

Question 4

How do I Modify/Renew a Loan from Product Package?

ACredit Actions button

BNavigate to loan and then modify/renew

CManage Loan button

DBulk Actions button

Answer : A

Question 5

An Advance Rate override will impact which record?

ACollateral Type

BCollateral Pledged

CCollateral Management

DAll of the Above

Answer : B

Question 6

What is configured that determines the approval process a record will go through?

AOriginal Step

BEntry Criteria

CBeginning Process

DFinal approval action

Answer : B

Question 7

What data points related to Collateral MGMT is recommended to be used when starting Collateral Docman Smart Checklists?

ACollateral Type-> Type/Subtype

BLoan to Value

CCollateral Pledge

DAddress

ECollateral History

Answer : A

Salesforce nCino 201 Commercial Banking Functional Exam 201 Commercial Banking Functional Exam Practice Test