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201-COMMERCIAL-BANKING-FUNCTIONAL Exam Questions & Answers

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201-COMMERCIAL-BANKING-FUNCTIONAL Exam Questions & Answers

Vendor: Salesforce

Certifications: nCino Certification

Exam Code: 201-COMMERCIAL-BANKING-FUNCTIONAL

Exam Name: SalesforcenCino 201 Commercial Banking Functional Exam

Updated: Apr 20, 2024

Q&As: 169

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201-COMMERCIAL-BANKING-FUNCTIONAL Online Practice Questions and Answers

Questions 1

True or False: A Change Memo is used to request an approval to change terms, rate, amount, etc. AFTER the Loan has already been approved - but BEFORE the Loan has been closed/booked.

A. True

B. False

Show Answer
Questions 2

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

Show Answer
Questions 3

Collateral pledged impacts which calculation?

A. Available lendable value

B. Loan to value

C. Debt Service coverage ratio

D. None of the above

Show Answer More Questions

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