nCino 201 exam with correct answers

nCino 201 exam with correct answers |\ |\ |\ |\ |\




What field allows for calculation of Collateral Coverage? -
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CORRECT ANSWERS ✔✔Total Active Loans Value |\ |\ |\ |\ |\




T/F Lien records in the nCino system are official lien filings
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and can hold people responsible to financial obligations -
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CORRECT ANSWERS ✔✔False |\ |\




T/F All Collateral Management records must have a
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collateral type assigned - CORRECT ANSWERS ✔✔True
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The presence of which nCino record determines the list
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suggested collateral when adding a new Collateral |\ |\ |\ |\ |\ |\ |\



record? - CORRECT ANSWERS ✔✔Entity Involvement
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What connects a relationship and a Collateral
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Management record? - CORRECT ANSWERS ✔✔Collateral |\ |\ |\ |\ |\ |\



Ownership


T/F The Collateral Valuations object exists to document
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the valuation history of a piece of collateral over time -
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CORRECT ANSWERS ✔✔True |\ |\

,This object exists to sum the value of collateral pledged
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on multiple records and push the collective value to the
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loan - CORRECT ANSWERS ✔✔Loan Collateral Aggregate
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You can view loans, relationships, and liens related to the
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collateral under which pane? - CORRECT ANSWERS |\ |\ |\ |\ |\ |\ |\



✔✔RELATED


T/F Ownership details are automatically completed upon
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collateral creation* - CORRECT ANSWERS ✔✔False |\ |\ |\ |\ |\




What feature enables users to compare the value of a
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piece of collateral to the value of all loans pledged to that
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piece of collateral? - CORRECT ANSWERS ✔✔Collateral
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Coverage Ratio |\




T/F You can pledge existing collateral using either the
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suggested list or the Search Collateral tab - CORRECT |\ |\ |\ |\ |\ |\ |\ |\ |\



ANSWERS ✔✔True |\




T/F One Collateral Management record can have multiple
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Collateral Ownership records associated with it -
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CORRECT ANSWERS ✔✔True |\ |\

, Which junction object links a loan with a Collateral
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Management record? - CORRECT ANSWERS ✔✔Collateral |\ |\ |\ |\ |\ |\



Pledged


Which offers users a high level view of how collateral is
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structured? - CORRECT ANSWERS ✔✔Collateral Hierarchy
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When copying/cloning Collateral Management records,
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which field allows an end-user to include associated child
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collateral records? - CORRECT ANSWERS ✔✔Include
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Collateral Hierarchy |\




Covenants can be created from? - CORRECT ANSWERS
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✔✔Loan
Relationship


T/F nCino's best practice for monitoring covenants is via
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Reports and Dashboards - CORRECT ANSWERS ✔✔True
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Commercial Lending Specialty Programs are various
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specialty programs that include - CORRECT ANSWERS
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✔✔Small Business Administration
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Factoring
Mortgage Warehousing |\