Salesforce nCino 201 Commercial Banking Functional : 201-Commercial-Banking-Functional valid dumps

201-Commercial-Banking-Functional real exams

Exam Code: 201-Commercial-Banking-Functional

Exam Name: Salesforce nCino 201 Commercial Banking Functional Exam

Updated: Dec 15, 2024

Q & A: 153 Questions and Answers

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Salesforce nCino 201 Commercial Banking Functional Sample Questions:

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

A) Collateral Management Manage Collateral Button
B) Converting a Lead to a Loan
C) Adding from Entity Involvement Related List
D) New Loan Product button from Relationship


2. Which Collateral Management feature enables the functionality of comparing the value of a piece of collateral to the value of all loans pledged to that particular piece of collateral?

A) Collateral Pledged
B) Loan Ratio
C) Complex Collateral
D) Collateral Coverage Ratio


3. Which loan field is Not required to be filled out to initially create a Rate and Payment Stream?

A) Index
B) Loan Amount
C) Loan Term (Months)
D) Amortized Terms (Months)
E) First Payment Date


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

A) True
B) False


5. Covenant Compliance records are generated until:

A) the Status is changed
B) All associated Loans are in the Booked Stage
C) A user deactivates the Covenant Management record
D) All Associated Loans are in the Complete Stage


Solutions:

Question # 1
Answer: A,D
Question # 2
Answer: D
Question # 3
Answer: A
Question # 4
Answer: B
Question # 5
Answer: B

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