Commercial Loan Configuration

Question 1

The loan object is used to represent a financial institution’s “x”

Answer 1

The loan object is used to represent a financial institution’s “product offerings”

Question 2

3 Ways to Add a Loan Team Member

• “x”
• “x”
• “x”

Answer 2

3 Ways to Add a Loan Team Member

• “Manual addition”
• “Automatically (workflow/process builder)”
• “Assign Team (add group of team members who normally work together)”

Question 3

Loan Team Management: Reporting

With loan teams, a report can be used to establish the “x” associated to each member.

Answer 3

Loan Team Management: Reporting

With loan teams, a report can be used to establish the “assigned loans” associated to each member.

Question 4

Loan Team Management: Alerts

Using nCino’s team alert feature, Loan Team members can “x” when the “x” are met.

Answer 4

Loan Team Management: Alerts

Using nCino’s team alert feature, Loan Team members can “receive an email” when the “desired loan conditions” are met.

Question 5

Assign Team:

Use the assign team “x” to add multiple “x”. Select a team, then click assign team.

Answer 5

Assign Team:

Use the assign team “subroute” to add multiple “users simultaneously”. Select a team, then click assign team.

Question 6

Automatically Adding Loan Team Members:

A bank may want to add a member to a loan team based on the “x”. Example: Upon loan approval, the FI could choose to automatically add a document administrator to the team.

Answer 6

Automatically Adding Loan Team Members

A bank may want to add a member to a loan team based on the “workflow”. Example: Upon loan approval, the FI could choose to automatically add a document administrator to the team.

Question 7

Automatically Adding Team Members using “x”:

Users can automatically be added to a Loan Team by filling in a “x” via “x”.

Answer 7

Automatically Adding Team Members using “Process Builder”:

Users can automatically be added to a Loan Team by filling in a “lookup field” via “process builder”.

Question 8

What is a loan team alert:

• “x” used to alert loan team members.
• Can occur upon the “x” of a team member or a specific “x” on the loan.

Answer 8

What is a loan team alert:

• “Notification process” used to alert loan team members.
• Can occur upon the “creation” of a team member or a specific “action” on the loan.

Question 9

What are the components of a loan team alert?

• “x”
• “x”
• “x”
• “x”

Answer 9

• Email template
• Role
• Team Key
• Workflow

Question 10

What type of configuration is loan team alert?

• “x”
• Saves an admin from creating multiple “x” on “x” objects
• Saves UI real estate
• Uses the process “x” - “x”
• The process initiates when a value is entered into the “x” hidden text field on the “x” object.

Answer 10

What type of configuration is loan team alert?

• “Record-based configuration”
• Saves an admin from creating multiple “lookup fields” on “loan” objects
• Saves UI real estate
• Uses the process “Apex trigger” - “LLC_BI.Loan_NotifyTeam”
• The process initiates when a value is entered into the “Team Alerts” hidden text field on the “loan” object.

Question 11

Rate & Payment Required Configuration

• Configure “x”
• Activating “x”
• Assign appropriate “x”

Answer 11

Rate & Payment Required Configuration

• Configure “rate indices”
• Activating “period values”
• Assign appropriate “object permissions”

Question 12

Rate & Payment Optional Configuration

• Custom “x”
• Enable/disable “x”
• Adjust “x”
• Customise “x”

Answer 12

Rate & Payment Optional Configuration

• Custom “metadata types (additional period values)”
• Enable/disable “sherman calculations”
• Adjust “non-perfect amortisation final balance”
• Customise “monthly interest rate calculation”