Final answer:
The statement is true. nCino's Collateral Management feature provides a suggested collateral list and a search function for existing collateral before a user can proceed to add new collateral.
Step-by-step explanation:
True or False: In nCino's Collateral Management feature, a user is given a list of Suggested Collateral and the ability to Search for existing Collateral before using the "Add New Collateral" button.The statement is True. In nCino's Collateral Management system, part of its broader bank operating system, users are typically provided with a list of suggested collateral based on certain parameters associated with the loan or customer.
Additionally, the system allows users to search for existing collateral records to ensure no duplication and to maintain accurate collateral tracking. If the appropriate collateral is not found, the user can then proceed to add new collateral details by clicking the "Add New Collateral" button.The statement is true. In nCino's Collateral Management feature, users are provided with a list of suggested collateral options as well as the ability to search for existing collateral. This allows them to locate and select relevant collateral before utilizing the 'Add New Collateral' button.