World Omni Auto Receivables Trust 2022-D

10/29/2024 | Press release | Distributed by Public on 10/29/2024 05:10

Asset Backed Issuer Distribution Report Form 10 D

World Omni Auto Receivables Trust 2022-D
Monthly Servicer Certificate
September 30, 2024
Dates Covered
Collections Period 09/01/24 - 09/30/24
Interest Accrual Period 09/16/24 - 10/14/24
30/360 Days 30
Actual/360 Days 29
Distribution Date 10/15/24
Collateral Pool Balance Data $ Amount # of Accounts
Pool Balance at 08/31/24 451,729,191.95 23,680
Yield Supplement Overcollateralization Amount 08/31/24 43,140,835.65 0
Receivables Balance 08/31/24 494,870,027.60 23,680
Principal Payments 18,961,025.13 479
Defaulted Receivables 592,251.33 31
Repurchased Accounts 0.00 0
Yield Supplement Overcollateralization Amount at 09/30/24 38,855,100.59 0
Pool Balance at 09/30/24 436,461,650.55 23,170
Pool Statistics $ Amount # of Accounts
Pool Factor 41.09 %
Prepayment ABS Speed 1.05 %
Aggregate Starting Principal Balance 1,156,658,989.82 50,043
Delinquent Receivables:
Past Due 31-60 days 8,162,543.00 314
Past Due 61-90 days 2,139,681.78 84
Past Due 91-120 days 849,097.28 34
Past Due 121+ days 0.00 0
Total 11,151,322.06 432
Total 31+ Delinquent as % Aggregate Ending Principal Balance 2.35 %
Total 61+ Delinquent as % Aggregate Ending Principal Balance 0.63 %
Delinquency Trigger Occurred NO
Recoveries 519,756.67
Aggregate Net Losses/(Gains) - September 2024 72,494.66
Ratio of Net Loss/(Gain) to the Receivables Balance as of beginning of Collection Period (Annualized):
Current Net Losses/(Gains) Ratio 0.18 %
Prior Net Losses/(Gains) Ratio 0.36 %
Second Prior Net Losses/(Gains) Ratio 0.36 %
Third Prior Net Losses/(Gains) Ratio 0.78 %
Four Month Average 0.42 %
Cumulative Net Loss as a % of Aggregate Starting Principal Balance 0.56 %
Overcollateralization Target Amount 5,106,453.81
Actual Overcollateralization 5,106,453.81
Weighted Average Contract Rate 5.13 %
Weighted Average Contract Rate, Yield Adjusted 10.20 %
Weighted Average Remaining Term 43.51
Flow of Funds $ Amount
Collections 21,581,080.62
Investment Earnings on Cash Accounts 34,940.25
Servicing Fee (412,391.69 )
Transfer to Collection Account -
Available Funds 21,203,629.18
Distributions of Available Funds
(1) Asset Representation Reviewer Amounts (up to $150,000 per year) -
(2) Class A Interest 1,880,429.55
(3) Noteholders' First Priority Principal Distributable Amount -
(4) Class B Interest -
(5) Noteholders' Second Priority Principal Distributable Amount -
(6) Class C Interest -
(7) Noteholders' Third Priority Principal Distributable Amount 10,161,087.59
(8) Required Reserve Account -
(9) Noteholders' Principal Distributable Amount 5,106,453.81
(10) Asset Representation Reviewer Amounts (in excess of 1) -
(11) Distribution to Certificateholders 4,055,658.23
Total Distributions of Available Funds 21,203,629.18
Servicing Fee 412,391.69
Unpaid Servicing Fee -
Change in amount of the unpaid servicing fee from the prior period -
Note Balances & Note Factors $ Amount
Original Class A 975,300,000.00
Original Class B 30,630,000.00
Original Class C 15,360,000.00
Total Class A, B, & C
Note Balance @ 09/16/24 446,622,738.14
Principal Paid 15,267,541.40
Note Balance @ 10/15/24 431,355,196.74
Class A-1
Note Balance @ 09/16/24 0.00
Principal Paid 0.00
Note Balance @ 10/15/24 0.00
Note Factor @ 10/15/24 0.0000000 %
Class A-2a
Note Balance @ 09/16/24 0.00
Principal Paid 0.00
Note Balance @ 10/15/24 0.00
Note Factor @ 10/15/24 0.0000000 %
Class A-2b
Note Balance @ 09/16/24 0.00
Principal Paid 0.00
Note Balance @ 10/15/24 0.00
Note Factor @ 10/15/24 0.0000000 %
Class A-3
Note Balance @ 09/16/24 301,012,738.14
Principal Paid 15,267,541.40
Note Balance @ 10/15/24 285,745,196.74
Note Factor @ 10/15/24 93.1190760 %
Class A-4
Note Balance @ 09/16/24 99,620,000.00
Principal Paid 0.00
Note Balance @ 10/15/24 99,620,000.00
Note Factor @ 10/15/24 100.0000000 %
Class B
Note Balance @ 09/16/24 30,630,000.00
Principal Paid 0.00
Note Balance @ 10/15/24 30,630,000.00
Note Factor @ 10/15/24 100.0000000 %
Class C
Note Balance @ 09/16/24 15,360,000.00
Principal Paid 0.00
Note Balance @ 10/15/24 15,360,000.00
Note Factor @ 10/15/24 100.0000000 %
Interest & Principal Payments $ Amount
Total Interest Paid 1,880,429.55
Total Principal Paid 15,267,541.40
Total Paid 17,147,970.95
Class A-1
Coupon 4.42600 %
Interest Paid 0.00
Principal Paid 0.00
Total Paid to A-1 Holders 0.00
Class A-2a
Coupon 5.51000 %
Interest Paid 0.00
Principal Paid 0.00
Total Paid to A-2a Holders 0.00
Class A-2b
One-Month SOFR 5.34207 %
Coupon 6.19207 %
Interest Paid 0.00
Principal Paid 0.00
Total Paid to A-2b Holders 0.00
Class A-3
Coupon 5.61000 %
Interest Paid 1,407,234.55
Principal Paid 15,267,541.40
Total Paid to A-3 Holders 16,674,775.95
Class A-4
Coupon 5.70000 %
Interest Paid 473,195.00
Principal Paid 0.00
Total Paid to A-4 Holders 473,195.00
Class B
Coupon 0.00000 %
Interest Paid 0.00
Principal Paid 0.00
Total Paid to B Holders 0.00
Class C
Coupon 0.00000 %
Interest Paid 0.00
Principal Paid 0.00
Total Paid to C Holders 0.00
Distribution per $1,000 of Notes Total
Total Interest Distribution Amount 1.8412298
Total Interest Carryover Shortfall 0.0000000
Total Principal Distribution Amount 14.9492714
Total Distribution Amount 16.7905012
A-1 Interest Distribution Amount 0.0000000
A-1 Interest Carryover Shortfall 0.0000000
A-1 Principal Distribution Amount 0.0000000
Total A-1 Distribution Amount 0.0000000
A-2a Interest Distribution Amount 0.0000000
A-2a Interest Carryover Shortfall 0.0000000
A-2a Principal Distribution Amount 0.0000000
Total A-2a Distribution Amount 0.0000000
A-2b Interest Distribution Amount 0.0000000
A-2b Interest Carryover Shortfall 0.0000000
A-2b Principal Distribution Amount 0.0000000
Total A-2b Distribution Amount 0.0000000
A-3 Interest Distribution Amount 4.5859172
A-3 Interest Carryover Shortfall 0.0000000
A-3 Principal Distribution Amount 49.7540944
Total A-3 Distribution Amount 54.3400116
A-4 Interest Distribution Amount 4.7500000
A-4 Interest Carryover Shortfall 0.0000000
A-4 Principal Distribution Amount 0.0000000
Total A-4 Distribution Amount 4.7500000
B Interest Distribution Amount 0.0000000
B Interest Carryover Shortfall 0.0000000
B Principal Distribution Amount 0.0000000
Total B Distribution Amount 0.0000000
C Interest Distribution Amount 0.0000000
C Interest Carryover Shortfall 0.0000000
C Principal Distribution Amount 0.0000000
Total C Distribution Amount 0.0000000
Noteholders' First Priority Principal Distributable Amount 0.00
Noteholders' Second Priority Principal Distributable Amount 0.00
Noteholders' Third Priority Principal Distributable Amount 665.54
Noteholders' Principal Distributable Amount 334.46
Account Balances $ Amount
Reserve Account
Balance as of 09/16/24 5,106,453.81
Investment Earnings 21,273.85
Investment Earnings Paid (21,273.85 )
Deposit/(Withdrawal) -
Balance as of 10/15/24 5,106,453.81
Change -
Required Reserve Amount 5,106,453.81
Other Servicing Information Current Month Prior Month Two Months Prior
Principal Balance of Receivables extended during the Collection Period $ 2,810,707.01 $ 3,575,955.87 $ 4,479,469.05
Number of Extensions 109 128 155
Ratio of extensions to Beginning of Period Receivables Balance 0.57 % 0.69 % 0.83 %