nCino Flashcards
2 types of “help” articles?
- how to
- gold standard
what do you configure in order to add a new option to the magic wand?
routes with the type of “tool” or “action”
what is part of the functionality of the Rate and Payment structure?
- Rate Structure
- Payment Structure
- Amortization Structure
how are standard fee’s enabled for use in fee management?
association between Fee and Product
What is the junction object in the Collateral Management data model between Account and Collateral Management?
Collateral Ownership (junction object)
In a credit memo, what syntax needs to be added to the end of the rich text field to make the field editable?
edit = true
valid output type for generating a nCino form?
MS Word
When an FI is using multiple product package per customer, this is called
Transactional
(the opposite of this is organic)
(T/F) there is a custom setting that allows FI’s to use Adverse Actions on a sub-loan
True
how can you make changes to a loan AFTER the loan has made it to the “Booked” stage?
Credit Actions
FI’s using the nCino Bank Operation system can experience which of the following?
-automated processes replacing what was once manual entry
What is not a challenge faced by banks today regarding changing demographics?
decrease in banking regulations
**weirdly worded, point is banking regulations are getting tighter and more strict as time passes
types of Relationship records?
- Individuals
- Businesses
- Households
- Lenders
each contact must be associated with a __________
relationship
every relationship is a type of ______
entity
Households feature should be used when:
there is a group of relationships that need to be connected together for exposure purposes
you must specify direct or indirect exposure on the “Entity Involvement” record using :
- Borrower Type
- Role
functionality of the “Add Entity pop out Window”:
- can search for an entity
- nCino suggests entities
junction object between Relationships and Loans?
“Entity Involvement” junction object
When adding the borrowing type you must specify
- contingent type
- contingent amount
- contingent percentage
3 types of Exposure:
- Proposed Exposure
- Committed Exposure
- Booked Exposure
Total exposure:
sum of Proposed + Committed + Booked Exposure
to optimize the use of DocMan you can use
Placeholders
Product Catalog hierarchy:
- →Product Lines
- →Product types
- → Products
Spreads :
(aka Financial Analysis)
-→ used to support the internal credit analysis process of an institution to determine clients financial performance
Fields Maps:
junction object used to related fields on two different objects during the convert process
nCino loan naming convention:
Relationship Name - Product Name - Loan Amount
before an admin runs the Rate and Payment Structure feature process
must first contact the CSM and complete the Sherman Calculation Engine Plug-In Configuration
If you experience an error when you try and enable feature processes, click _____ beside each relevant process to run immediately
Run Process
you can use “Enhanced Fee Management” in →
any workflow where you can add a route
optional configurations for Fee Management →
- Set Collection Method
- Enable Multi-Lingual functionality
basic steps of Fee Management:
- create pick lists and field sets
- create fee’s in fee management
- associate fee’s to products in Fee Management
-Which objects exist to document the valuation history of a piece of collateral over time?
Collateral Valuation object
which object exists to sum the value of collateral pledged on multiple records and push the collective value of the loan
Loan Collateral Aggregate
(T/F) All Collateral Management records must have a collateral type assigned?T
true
(T/F) Lien records in the nCino system are NOT official lien filings and CANNOT hold people responsible to financial obligations
True
*they just represent the lien exists
Covenant:
agreement between a borrower and lender as a condition of approval of the loan
(T/F) Covenants added to a relationship are automatically active (be default) and only active convenants generate compliance records
true
(T/F) a notification task/email can be configured to notify a user a certain number of days before a covenant due date
true
convenants can be created from which objects:
- loan
- relationship
nCino’s best practice for monitoring covenants
via Reports and Dashboards
Credit Memo supports which type of reviews -→
- internal
- external
Credit Memo features include:
- Summary overview of a record
- Aggregates information easily to display in the credit memo view
- pulls data to prevent duplicate data entry and the need to re-enter data
Product Package allows:
- allows multiple loans in one package
- allows the use of multi-tiered loans
4 types of Credit Actions:
- Renewal
- Modifications
- Review
- No Action
2 most common Credit Actions;
Renewal: an extension of the maturity date of the loan, often 90 days or more into the future
Modification: changes to the rate, term, loan amount, or any other loan attribute, which could also include the maturity date
Takedown:
when a borrower receives money from the lender in stages, such as with a construction loan with project milestone to meet for funds
(T/F) the status field in Product Package mirrors the Loan status
what is Total Loan Facilities Amount in relation to Product Package?
- displays the sum of the original amount of all loans in the product package
- can be configured to include only loans in a specific status
(T/F) loans processed in nCino typically go through multiple approvals
True
Two types of Approval Propagation:
standard
reverse
records are _____ once submitted for approval:
locked
Approval process required config:
-“Is Review Ready” field on the loan should be set to true
Approval Process Optional config:
(Y/N) Is it necessary to have all the tiers in the hierarchy to use multi-tiered loans?
No
(T/F) Bulk actions work only on the Product Package
False
nCino Product Package naming convention:
Relationship Name - PP
1st step to submit a loan for approval as part of a Product Package?
“Is Review Ready” checkbox set to true
two objects a “Review” Credit Action can be initiated from
Product Package object
Relationship object
What happens when “No Action” Credit Action is taken on a sub-loan, if it’s parent is renewed?
the sub-loan is immediately associated to the parent loan
3 steps of a Credit Review Process?
Initiate → Edit → Complete
3 actions you can take from the Magic Wand on a loan?
- No Action
- Renewal
- Modification
(T/F) when using a Product Package, a loan must always be approved from the loan record?
False
*loan can be approved from the product package
(T/F) Bulk actions work only on the Product Package
False
(T/F) Normally the relationship tied to a product package is a business
false
2 Types of Adverse Actions:
Withdrawal: borrower walks away from the loan before it is booked
Decline: banks denies credit to the borrower
you can select ___ “Withdrawal” Adverse Action request reasons
1
you can select ___ “Decline” Adverse Action request reasons
4
2 laws that govern/regulate fact that banks have to give proper reasons for issuing a “Decline” Adverse Action on a loan
Equal Opportunity Act (ECOA)
Fair Credit Reporting Act (FCR)
Memo:
- used to make changes on a loan record
- and, if configured to do so, can automatically apply a specified set of changes to the loan record when the memo is submitted and approved
- can display date, time, and status of changes made on a loan record
*used on the Loan object
*memo is used After Approval stage and Before Booked stage
Approval stage → Memo ← Booked stage
4 Memo types:
- Change Memo (most common)
- Counter Offer
- Contingent Approval
- Original
how many Memo’s can be in progress on a loan at one time?
1
Memo is used on which object?
Loan object
What is required in able to use DocMan?
- must enable Chatter
- “Chatter Feed Tracking” enabled on each object that DocMan supports
which naming convention can be configured within DocMan?
File
Document Placeholder
information in DocMan may be included →
Reports
a user without any permissions assigned can only do in DocMan :
- view placeholders
- use expanded view and doc preview
- download files
“Document Transfer API” is a _________ integration with a FI’s ECM (Enterprise Content Management)
Custom integration
Features of DocMan:
- track workflow history
- search placeholders
- editable placeholder fields
- configurable
3rd party integrations with DocMan:
- Document Preparation
- E-signature
- Credit Reporting
Types of Permission Sets for DocMan:
- Delete
- Create Placeholders Names
- Review Document Permissions
Tools and Actions -→ Tools:
- Payment Calculator
- Underwriting Summary
- Classic Credit Memo
Tools and Actions → Actions:
- Change Product
- Copy Loan
- New Limit/Sub/Takedown
- Snapshot
- Decline/Withdraw
- Renew/Modify Loan
- Generate Credit Memo
- Generate Forms
- Submit for Approval
- Memo
- Run Auto Decision
- Check Policy Exceptions
Examples of Commercial Lending Business Segments:
- Middle Market
- Corporate Investment
- Wealth Management
Examples of Commercial Lending Specialty Programs:
- Small Business Administration (SBA)
- Mortgage Warehousing
- Asset Based Lending
- Factoring
- Dealer Floor Plan
- Syndications and Participations
- Corporate Cards
3 types of nCino update releases?
- Sandbox
- General Release
- Updates
-
when a Connection Role is “Self-Reciprocrating”, that means →
the connected entity is assigned the same role
which objects does an administrator configure the “Conditional display Criteria” field which drives conditional route rendering in the nCino UI?
Route Group
How many releases (updates) does nCino have a year?
2
Spring & Fall
which field on Route and Route Group record must be unique and is required?
Lookup Key
(auto-populated if not filled out)
the suggested entities picklist on Collateral Creation is based on ___________
Entity Involvement
Product Catalog is configured on the back end using what tool?
DM Admin Tool
DocMan can be configured for what objects:
- Loan
- Collateral Management
- Product Package
what would cause loans in different stages to be showing different sets of fields?
Conditional Rendering
“Net New Funds” field is calculated on Loans that are either ______ or _______
Renewals or Modifications
Fields that can be used to filter total exposure calculations:
- Borrower Type
- Stage
- Status
Credit Memo - Snapshot
Snapshot is a tool that allows you to capture data at a specific point in time, and display the data in an easy to read table within nCino’s Credit Memo feature
Approval Process objects:
- Loan
- Memo
- Product Package
- Adverse Action
- Risk Rating Review
best practice for making new UI Groups or Routes?
cloning
*if possible
