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Salesforce nCino 201 Commercial Banking Functional Sample Questions:

1. True or False? Once a loan has been put into the approval process, the record will be locked until an action is taken.

A) True
B) False

2. Collateral Management records must have what child record?

A) Collateral Ownership
B) Lien
C) All of the Above
D) Collateral Pledged

3. The 'Decline Loan' button is at the top of the ______ page.

A) Relationship
B) Lead
C) Loan
D) Contact

4. 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) Complex Collateral
B) Collateral Coverage Ratio
C) Loan Ratio
D) Collateral Pledged

5. An Advance Rate override will impact which record?

A) Collateral Type
B) Collateral Management
C) All of the Above
D) Collateral Pledged

Solutions: