Which of the following is NOT a way to add collateral in nCino?

Study for the nCino Business Value Exam. Explore flashcards and multiple choice questions, complete with hints and explanations. Prepare for success!

The process of adding collateral in nCino typically includes options that directly involve identifying or incorporating specific assets into a loan agreement. The correct answer, which identifies a method that does not align with the standard collateral addition procedure, is the option that involves requesting a loan modification.

Loan modifications usually pertain to altering the terms of an existing loan rather than adding new collateral to secure it. Modifications might adjust interest rates, payment schedules, or principal amounts but do not inherently involve the process of identifying or listing collateral. This distinguishes it from the other methods which directly relate to the management and documentation of collateral within the nCino platform, such as searching for existing collateral, adding new collateral, or managing transferred collateral.

In summary, while collateral management is crucial in nCino's operations, requesting a loan modification does not directly facilitate the addition of collateral to a loan, making it the option that does not fit within the specified scenarios for adding collateral.

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