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nCino Terminology
| Term | Definition |
|---|---|
| Borrowing Structure | Also referred to as entity involvement, the borrowing structure links a Loan to the individuals or entities associated with it, both liable and non-liable. Here is where you add entities such as borrower, co-borrowers, guarantors, etc. |
| Breadcrumbs | When navigating to various Accounts, Loans and Product Packages it can be easy to get lost. Breadcrumbs often show up at the top of the page to see how you navigated to the page you're on. |
| Change Memo | This is used any time there are changes to a Loan that occur post-approval but prior to booking. A change memo can automatically update the changed fields on the Loan and can have an Approval Process built to ensure that post-approval changes are verified |
| Credit Memo | This is the Narrative equivalent - the Credit Write Up during the decision process. It is a compilation of information regarding Loan(s) including the borrower structure, collateral, fees, pricing, etc to provide a robust summary for decision making |
| Doc Man | Virtual Filing Cabinet |
| Exposure | The total amount of credit extended to a borrower by an association. The amount of exposure indicates the level of risk if borrower defaults. |
| Facility | This is as specific name for a Loan that is in a Product Package. Facilities might also be called "Takedowns" depending on the Hierarchy Structure of the Product Package |
| Main | This is the original Loan before any Takedowns occur. |
| Modifications | These occur anytime a change is required to the executed Loan Agreement, prior to the maturity rate. This change to the agreement will result in new legal documentation needing to be prepared |
| Object | Type of data, such as a Loan, Opportunity or Account stored in nCino |
| Opportunities | Salesforce object used to track pipeline related to a potential borrower and contains specific information such as product of interest, dollar amount and estimated close date. A user with 'Convert" the Opp to a Loan at some specific point in time. |
| Product Catalog | The user facing 3-tiered product hierarchy comprised of Product Lines, Product Types and Products that drives Page Layouts, Secondary Navigation and Docman for loan products |
| Product Package | Allows a financial institution to manage multiple loans that a borrower may have at that financial institution into a single deal. The package may be submitted for approval and be summarized in a single credit memo from Product Package page |
| Renewals | These occur when the term on the note has expired, or is approaching expiration and the financial institution wishes to extend the credit for an additional term. |
| Routes and Subroutes | These represent the links you use on the Left Navigation (sources) as you navigate through the LOS process and each link that runs along the top of the screen within subroute |
| Sources and Uses | A list of how loan proceeds will be disbursed |
| Takedowns | When a loan is split so that part of the funds are allocated to a specific purpose and therefore given a different interest rate, it is referred to as a takedown. Synonymous with 'tranches' |
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