Salesforce 201 Commercial Banking Functional Exam Practice Test Instant Access

Question 1

An Advance Rate override will impact which record?

ACollateral Type

BCollateral Pledged

CCollateral Management

DAll of the Above

Answer : B

Question 2

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 3

Which of the following object are commonly referred to as "Ticklers":

ALoan Covenants

BEvents

CCovenant Compliance

DCovenant Management

Answer : C

Question 4

What method of organization should be used to create the Loan Document Manager Smart Checklists?

AStart with least common documents with broad criteria, work your way down to smaller groups

BStart with most common documents with broad criteria, work your way down to smaller groups with more granular criteria

CStart with random documents, no one way is easier

DUse Loan Amount and Product Line only

Answer : B

Question 5

For a user to add a 'Non-Standard' Fee to a loan:

AThe Fee must exist as an option in the 'Fee Type' picklist on the Fee Object

BThey need access to a text field labeled 'other' to enter the fee type

CThey need a special custom object to track Non-Standard Fees

DThe Fee must exist as a record of the Template Object

Answer : A

Question 6

True of False? Risk rating can include both qualitative and quantitative values.

AFalse

BTrue

Answer : B

Question 7

Which of the following is NOT an example of a Fee that should be tracked using the nCino Fee Management feature?

AAppraisal

BAttorney

CLoan Origination

DCredit Card Late Payment Charge

Answer : D

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