Final answer:
The decision on a loan application is stored in a Scorecard, which uses credit information to assign a score to the borrower. While a Credit Report informs the decision, it does not store it, and a Loan Related List contains loans provided but not the decisions. nCino Administration is the backend of a banking software, not a storage for loan decisions.
Step-by-step explanation:
The decision on a loan application is typically recorded and stored in multiple platforms and documents within the banking or financial services ecosystem. However, when looking at the options provided, the correct answer is C) Scorecard. A scorecard in the context of loan decisioning is a tool that evaluates credit risk and helps make the lending decision. It uses a variety of credit-related information to assign a score to the borrower, which aids in the decision-making process.
On the other hand, A) Credit Report contains the credit history of an individual but does not store the decision of a specific loan application.
It is a document used by lenders to help make the decision but it isn't where the decision itself is stored. B) Loan Related List might be a list or database of all loans provided, but it is not necessarily where the decision is documented, and D) nCino Administration refers to the backend administration area of the nCino banking software, where numerous configurations and settings are stored, but not specific loan decisions themselves.