Question 1

True or False? Updating the Status of the Covenant Management record will generate a Covenant Compliance record.

Options :

A : True

B : False

Answer: A

Question 2

True or False: When creating a New Risk Grade Template you should Always use the Create New Risk Grade Template Button

Options :

A : True

B : False

Answer: A

Question 3

___________ is used to notate the reasons for denial of the Loan - and after approval, this record is stored on the Loan page for future reference.

Options :

A : Decline Loan Reasons

B : Reasons for Denial

C : Covenant Compliance

D : Adverse Action

Answer: D

Question 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?

Options :

A : Collateral Coverage Ratio

B : Collateral Pledged

C : Complex Collateral

D : Loan Ratio

Answer: A

Question 5

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

Options :

A : True

B : False

Answer: A