Salesforce 201 Commercial Banking Functional Exam Questions Instant Access

Question 1

In order to configure the "Generate Forms" action within the Magic Wand/User Interface (UI) on the Loan object, which loan field value is required?

ARecord Type

BProduct Line

CDefault App

DPrincipal Balance

Answer : B

Question 2

Which of the following ways can a Loan be created in nCino? (Select Two)

AConverting a Lead to a Loan

BNew Loan Product button from Relationship

CAdding from Entity Involvement Related List

DCollateral Management Manage Collateral Button

Answer : B, D

Question 3

Where can the Interest Accrual Method be changed?

AProduct Line

BManage Rates Tab

CProduct Type

DIndex

Answer : A

Question 4

True or False? When curating data in an excel sheet, Leading zeros are sometimes hidden.

ATrue

BFalse

Answer : A

Question 5

Select the options that best summarize what a Product Package is. (Choose all that apply)

AAggregation of Loans and ancillary data (Fees, Collateral, etc.)

BBulk Actions to Loans (Modify/Renew, Submit for Approval, Review)

CManage Relationship Statistics

DUnified Credit Memo and Forms Gen

Answer : A, B, D

Question 6

True or False? It is NOT important to have a corresponding customer request/permission before attempting to data load.

ATrue

BFalse

Answer : B

Question 7

True or False? During Approval Process, the Stage field on Product Package and Loan are what controls the syncing for Approval.

ATrue

BFalse

Answer : B

Salesforce nCino 201 Commercial Banking Functional Exam 201 Commercial Banking Functional Exam Questions