What is the first step in the spreading process in nCino?

The first step in the spreading process in nCino is to add data and documents to spreads. This step involves gathering all relevant financial data, such as balance sheets, income statements, and other supporting documents, which serve as the foundation for analysis. Without this essential information, it’s impossible to conduct a thorough credit analysis, populate a credit memo accurately, or submit anything for approval.

Starting with data and document collection ensures that subsequent stages of the process are built on accurate and comprehensive financial details, facilitating informed decision-making throughout the lending process. This initial step is crucial for establishing a reliable basis for the analysis that follows, making it the correct starting point.