Sheffield Financial and GOLDPoint Systems announce a new multi-year retail financing contract

CLEMMONS, N.C., Aug. 15, 2018 /PRNewswire/ -- Sheffield Financial, a division of Branch Banking and Trust Company, today announced the signing of a five-year agreement with GOLDPoint Systems effective immediately.

GOLDPoint Systems, parent company DHI Computing Service Inc., offers a software suite of loan management tools for installment and specialty lenders. The full GOLDPoint suite contains loan servicing, loan origination, calculations, payments, accounting, reporting and file storage. GOLDPoint Systems' has clientele in both direct and indirect lending markets.

"Sheffield is excited to extend our 10-year relationship with GOLDPoint Systems for an additional five years," said Sheffield Financial President Jeff McKay. "The GOLDPoint platform has provided the backbone for loan servicing applications used by Sheffield on a day-to -day basis. Since partnering with GOLDPoint in 2007, Sheffield has expanded its leadership in the outdoor power equipment, power sports and trailer retail sales finance segments, closing over 2.8 million loans. We are confident the continued improvements in the platform will allow Sheffield to maintain this leadership position, adding new functionality to meet the demands of a rapidly evolving financial marketplace."

About Sheffield Financial

Clemmons, N.C.-based Sheffield Financial is a division of Branch Banking and Trust Company, which is a subsidiary of BB&T Corporation (NYSE: BBT). Sheffield, which has financed $22 billion in loans since its founding in 1992, currently services more than 15,000 outdoor power equipment, power sports and trailer dealers nationwide. The company provides retail financing options in all 50 states for over 160 manufacturers of outdoor power equipment, trailers and power sports equipment, such as snowmobiles, all-terrain vehicles, side-by-side vehicles, motorcycles and personal watercraft. For more information about Sheffield Financial, visit SheffieldFinancial.com.

About BB&T

BB&T is one of the largest financial services holding companies in the U.S. with $222.7 billion in assets and market capitalization of approximately $39.1 billion as of June 30, 2018. Building on a long tradition of excellence in community banking, BB&T offers a wide range of financial services including retail and commercial banking, investments, insurance, wealth management, asset management, mortgage, corporate banking, capital markets and specialized lending. Based in Winston-Salem, N.C., BB&T operates more than 1,900 financial centers in 15 states and Washington, D.C. and is consistently recognized for outstanding client service by Greenwich Associates for small business and middle market banking. More information about BB&T and its full line of products and services is available at BBT.com.

SOURCE Sheffield Financial