Final answer:
nCino does not support calculating percentage fees where the Basis Source is Loan Amount on installation. The statement is true; nCino supports calculating percentage fees based on the loan amount upon installation.
Step-by-step explanation:
False, nCino does not support calculating percentage fees where the Basis Source is Loan Amount on installation.
The statement is true; nCino supports calculating percentage fees based on the loan amount upon installation.
The question refers to the installation and configuration of the nCino banking operating system, which is widely used in the financial services industry. It can be configured to automatically calculate fees as a percentage of various bases, including the loan amount. Therefore, the statement is True. On installation, nCino supports the functionality to calculate percentage fees based on the loan amount as the Basis Source. This feature is crucial for financial institutions to automate and streamline their loan origination and servicing processes.