Salesforce 201 Commercial Banking-Functional Exam Sample Questions | SPOTO

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Question #1

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

A. Collateral Type-> Type/Subtype

B. Loan to Value

C. Collateral Pledge

D. Address

E. Collateral History

View answer

Correct Answer: A

Question #2

True or False: The Process Overview enables nCino users to have a comprehensive view of all Relationships in the system.

A. True

B. False

View answer

Correct Answer: B

Question #3

What Collateral MGMT Placeholders are generated in Loan Docman when Collateral is pledged?

A. Those flagged with "Import Me" checkbox

B. All Placeholders

C. 5 Oldest Placeholders

D. Only Approved Documents

E. Those marked as in file

View answer

Correct Answer: D

Question #4

True or False: The packaged Setup of nCino UI will have Risk Rating already configured.

A. True

B. False

View answer

Correct Answer: A

Question #5

Which nCino feature is required to be utilized when setting up multi-tiered loan structure?

A. Credit Memo

B. Rate Structure

C. Product Package

D. Spreads

View answer

Correct Answer: C

Question #6

When using nCino Forms Generation, where are the templates stored so that a user can access to edit?

A. Forms Manager

B. Templates can't be edited once saved

C. nCino Administration

D. Forms Templates

View answer

Correct Answer: A

Question #7

Nodes in the Overview Tab can be directed to which of the following?

A. A specific List View or a specific Dashboard

B. A specific List View or a specific Report

C. The Loan Object or the the Report Object

D. The Loan Object or the Dashboard Object

View answer

Correct Answer: B

Question #8

Which of the following ways can a Loan be created in nCino (Select 2)

A. Converting a Lead to a Loan

B. Adding from Entity involvement related list

C. New Loan Product button from Relationship

D. New Loan Product button from Relationship

View answer

Correct Answer: A

Question #9

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

A. Start with least common documents with broad criteria, work your way down to smaller groups

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

C. Start with random documents, no one way is easier

D. Use Loan Amount and Product Line only

View answer

Correct Answer: B

Question #10

Which fields must be filled out when converting a Lead to a Loan?

A. Product Information

B. Customer Contact Information

C. Related Entities

D. Relationship and Loan Lookups

View answer

Correct Answer: A

Question #11

True or False: Risk Grade Groups can be associated with Multiple Risk Grade Templates.

A. True

B. False

View answer

Correct Answer: A

Question #12

Where can the Interest Accrual Method be changed?

A. Product Line

B. Manage Rates Tab

C. Product Type

D. Index

View answer

Correct Answer: A

Question #13

The navigation items organized vertically across the left side of the nCino User Interface are called:

A. Alternate routes

B. Parent routes

C. Sub-routes

D. Tertiary routes

View answer

Correct Answer: C

Question #14

When converting a lead, what is NOT created?

A. Loan

B. Memo

C. Individual Relationship

D. Business Relationship

View answer

Correct Answer: B

Question #15

When configuring the form template, which of the following items are nCino's recommended best practices?

A. Copy field API values from the "Show Available Fields" window to eliminate any misspellings caused by manual entry

B. Ensure that all quotation marks within queries are the straight quotes " " instead of utilizing the curly Microsoft Word quotation marks " "

C. When configuring a query within a table, navigate to Table Properties and uncheck the "Automatically Resize" checkbox

D. Utilize the Schema Builder functionality when uncertain about how to query to a certain field on a related object to understand the data structure and how the objects are connected

View answer

Correct Answer: ABCD

Question #16

You can use the Log a Call function on which of the following pages

A. Contact

B. Lead

C. Loan

D. Relationship

E. All of the above

View answer

Correct Answer: E

Question #17

True or False: Fields can be made Editable in the Pending Facilities section in Product Package.

A. True

B. False

View answer

Correct Answer: A

Question #18

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

A. Credit Actions button

B. Navigate to loan and then modify/renew

C. Manage Loan button

D. Bulk Actions button

View answer

Correct Answer: A

Question #19

Which Risk Grade Factor Type would you use for a number based selection?

A. Quantitative

B. Qualitative

C. Template

D. Unit

View answer

Correct Answer: A

Question #20

True or False: On a Change Memo, you have to manually go back into the Loan record to update any new changes to fields like terms, rate, amount, etc.

A. True

B. False

View answer

Correct Answer: B

Question #21

When are notifications sent out after a loan is approved or rejected?

A. Automatically

B. Weekly

C. Daily

D. Monthly

View answer

Correct Answer: A

Question #22

When creating new screen sections for a credit memo, which field determines the order in which screen sections appear?

A. Render Order

B. Widget Order

C. Display Order

D. Section Order

View answer

Correct Answer: C

Question #23

The Product Catalog is configured on the back end by using what tool?

A. Copy Loan Plus Tool

B. DM Admin Tool

C. Standard Cloner Tool

D. Document Manager Tab

View answer

Correct Answer: B

Question #24

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

A. True

B. False

View answer

Correct Answer: B

Question #25

True or False: You can access your dashboards using the Salesforce1 mobile app.

A. False

B. True

View answer

Correct Answer: B

Question #26

Where can a User find "Recent Items"?

A. Side Pane

B. Center Pane

View answer

Correct Answer: A

Question #27

What needs to be configured in order to have access to the 'Edit Field set' button in the UI.

A. Create a fieldset on whatever object the UI is on

B. Custom Settings > System Properties

C. None of these options are correct

D. Create Remote Site Settings for your current salesforce instance

View answer

Correct Answer: A

Question #28

True or False: You can add Fees from Product Package.

A. True

B. False

View answer

Correct Answer: B

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