Question

The following actions are ways that policy exceptions may be automatically created on a loan (check all that apply):

Check Policy Exceptions: this link is standard functionality. The following instructions for running an Automated Policy Exceptions is based off clicking this link
Stage or Status Change: this is configurable functionality. After the desired stage or status is changed, policy exceptions automatically run, and any policy exceptions found are placed onto the policy exceptions list. Contact the nCino administrator about enabling this functionality
Loan Auto Decision: your nCino administrator can configure Automated Policy Exceptions to run with Loan Auto Decision, with additional configuration, Automatd Policy exceptions appear on the auto decision score card

Answer 1

The question involves nCino's system on how policy exceptions on a loan can be automatically created through standard functionality, configurable stage/status changes, and Loan Auto Decision feature.

Step-by-step explanation:

The question pertains to the different ways policy exceptions can be automatically created on a loan using the nCino banking system. Firstly, policy exceptions can be checked through a standard link, which is part of the system's standard functionality. Secondly, policy exceptions can be triggered by a stage or status change in the loan process, which is a configurable functionality that can be enabled by contacting the nCino administrator. Lastly, Automated Policy Exceptions can be configured to run with the Loan Auto Decision feature. With additional configuration, these exceptions appear on the auto decision scorecard.