asked 79.3k views
1 vote
NCino Sherman Compliance Calculations supports each of these except:

A) Constant Principle Reduction
B) Interest Only Loans
C) Balloon Loans
D) Revolving LOC

asked
User Tshiono
by
7.9k points

1 Answer

6 votes

Final answer:

nCino Sherman Compliance Calculations supports all the options except Interest Only Loans. It allows banks to automate loan calculations and processes, but does not support interest-only loans.

Step-by-step explanation:

nCino Sherman Compliance Calculations supports all of these except B) Interest Only Loans. The nCino platform is designed to assist financial institutions in managing their loan portfolios and ensuring compliance with regulatory requirements. It enables banks to automate various loan calculations and processes, such as constant principle reduction for loans, balloon loans, and revolving lines of credit (LOC). However, it does not support interest-only loans which allow borrowers to pay only the interest on the loan for a certain period without reducing the principal.

answered
User Joe Alfano
by
8.1k points
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