What is the primary purpose of the relationships defined in nCino?

The primary purpose of the relationships defined in nCino is to identify the parties involved in loan processes. nCino is designed to streamline and enhance the lending process, and understanding the various stakeholders is crucial to effectively managing loans. By defining relationships between borrowers, co-borrowers, guarantors, and other parties, financial institutions can track interactions and facilitate smoother communication throughout the lending lifecycle. This clarity helps in better managing the loan process from application to closing, ensuring that all relevant parties are adequately informed and involved.

Understanding customer demographics or evaluating potential risks are also important aspects of lending and financial services, but they are secondary to the foundational need of identifying and managing the relationships between all parties involved in a loan. Limiting access to data, while critical for security and compliance, does not capture the essence of why these relationships are established within nCino. The focus on parties involved underscores the platform's commitment to fostering a comprehensive understanding of the lending ecosystem.