09/27/2024 | Press release | Distributed by Public on 09/27/2024 05:24
World Omni Auto Receivables Trust 2021-D
Monthly Servicer Certificate
August 31, 2024
Dates Covered | ||||||||||||
Collections Period | 08/01/24 - 08/31/24 | |||||||||||
Interest Accrual Period | 08/15/24 - 09/15/24 | |||||||||||
30/360 Days | 30 | |||||||||||
Actual/360 Days | 32 | |||||||||||
Distribution Date | 09/16/24 | |||||||||||
Collateral Pool Balance Data | $ Amount | # of Accounts | ||||||||||
Pool Balance at 07/31/24 | 309,648,888.17 | 23,317 | ||||||||||
Yield Supplement Overcollateralization Amount 07/31/24 | 3,792,488.53 | 0 | ||||||||||
Receivables Balance 07/31/24 | 313,441,376.70 | 23,317 | ||||||||||
Principal Payments | 15,603,341.92 | 380 | ||||||||||
Defaulted Receivables | 322,491.95 | 18 | ||||||||||
Repurchased Accounts | 0.00 | 0 | ||||||||||
Yield Supplement Overcollateralization Amount at 08/31/24 | 3,453,104.14 | 0 | ||||||||||
Pool Balance at 08/31/24 | 294,062,438.69 | 22,919 | ||||||||||
Pool Statistics | $ Amount | # of Accounts | ||||||||||
Pool Factor | 25.13 | % | ||||||||||
Prepayment ABS Speed | 1.14 | % | ||||||||||
Aggregate Starting Principal Balance | 1,183,996,579.97 | 40,585 | ||||||||||
Delinquent Receivables: | ||||||||||||
Past Due 31-60 days | 6,727,672.67 | 364 | ||||||||||
Past Due 61-90 days | 2,453,489.54 | 128 | ||||||||||
Past Due 91-120 days | 302,038.08 | 17 | ||||||||||
Past Due 121+ days | 0.00 | 0 | ||||||||||
Total | 9,483,200.29 | 509 | ||||||||||
Total 31+ Delinquent as % Aggregate Ending Principal Balance | 3.19 | % | ||||||||||
Total 61+ Delinquent as % Aggregate Ending Principal Balance | 0.93 | % | ||||||||||
Delinquency Trigger Occurred | NO | |||||||||||
Recoveries | 288,109.98 | |||||||||||
Aggregate Net Losses/(Gains) - August 2024 | 34,381.97 | |||||||||||
Ratio of Net Loss/(Gain) to the Receivables Balance as of beginning of Collection Period (Annualized): | ||||||||||||
Current Net Losses/(Gains) Ratio | 0.13 | % | ||||||||||
Prior Net Losses/(Gains) Ratio | 0.65 | % | ||||||||||
Second Prior Net Losses/(Gains) Ratio | 0.26 | % | ||||||||||
Third Prior Net Losses/(Gains) Ratio | -0.01 | % | ||||||||||
Four Month Average | 0.26 | % | ||||||||||
Cumulative Net Loss as a % of Aggregate Starting Principal Balance | 0.46 | % | ||||||||||
Overcollateralization Target Amount | 5,755,408.97 | |||||||||||
Actual Overcollateralization | 5,755,408.97 | |||||||||||
Weighted Average Contract Rate | 4.06 | % | ||||||||||
Weighted Average Contract Rate, Yield Adjusted | 5.19 | % | ||||||||||
Weighted Average Remaining Term | 30.33 | |||||||||||
Flow of Funds | $ Amount | |||||||||||
Collections | 16,964,793.36 | |||||||||||
Investment Earnings on Cash Accounts | 15,484.31 | |||||||||||
Servicing Fee | (261,201.15 | ) | ||||||||||
Transfer to Collection Account | - | |||||||||||
Available Funds | 16,719,076.52 | |||||||||||
Distributions of Available Funds | ||||||||||||
(1) Asset Representation Reviewer Amounts (up to $150,000 per year) | - | |||||||||||
(2) Class A Interest | 199,549.77 | |||||||||||
(3) Noteholders' First Priority Principal Distributable Amount | - | |||||||||||
(4) Class B Interest | 43,738.00 | |||||||||||
(5) Noteholders' Second Priority Principal Distributable Amount | - | |||||||||||
(6) Class C Interest | 24,753.67 | |||||||||||
(7) Noteholders' Third Priority Principal Distributable Amount | 9,831,040.51 | |||||||||||
(8) Required Reserve Account | - | |||||||||||
(9) Noteholders' Principal Distributable Amount | 5,755,408.97 | |||||||||||
(10) Asset Representation Reviewer Amounts (in excess of 1) | - | |||||||||||
(11) Distribution to Certificateholders | 864,585.60 | |||||||||||
Total Distributions of Available Funds | 16,719,076.52 | |||||||||||
Servicing Fee | 261,201.15 | |||||||||||
Unpaid Servicing Fee | - | |||||||||||
Change in amount of the unpaid servicing fee from the prior period | - |
Note Balances & Note Factors | $ Amount | |||||||||||
Original Class A | 1,096,400,000.00 | |||||||||||
Original Class B | 34,530,000.00 | |||||||||||
Original Class C | 17,270,000.00 | |||||||||||
Total Class A, B, & C | ||||||||||||
Note Balance @ 08/15/24 | 303,893,479.20 | |||||||||||
Principal Paid | 15,586,449.48 | |||||||||||
Note Balance @ 09/16/24 | 288,307,029.72 | |||||||||||
Class A-1 | ||||||||||||
Note Balance @ 08/15/24 | 0.00 | |||||||||||
Principal Paid | 0.00 | |||||||||||
Note Balance @ 09/16/24 | 0.00 | |||||||||||
Note Factor @ 09/16/24 | 0.0000000 | % | ||||||||||
Class A-2 | ||||||||||||
Note Balance @ 08/15/24 | 0.00 | |||||||||||
Principal Paid | 0.00 | |||||||||||
Note Balance @ 09/16/24 | 0.00 | |||||||||||
Note Factor @ 09/16/24 | 0.0000000 | % | ||||||||||
Class A-3 | ||||||||||||
Note Balance @ 08/15/24 | 130,493,479.20 | |||||||||||
Principal Paid | 15,586,449.48 | |||||||||||
Note Balance @ 09/16/24 | 114,907,029.72 | |||||||||||
Note Factor @ 09/16/24 | 29.6610815 | % | ||||||||||
Class A-4 | ||||||||||||
Note Balance @ 08/15/24 | 121,600,000.00 | |||||||||||
Principal Paid | 0.00 | |||||||||||
Note Balance @ 09/16/24 | 121,600,000.00 | |||||||||||
Note Factor @ 09/16/24 | 100.0000000 | % | ||||||||||
Class B | ||||||||||||
Note Balance @ 08/15/24 | 34,530,000.00 | |||||||||||
Principal Paid | 0.00 | |||||||||||
Note Balance @ 09/16/24 | 34,530,000.00 | |||||||||||
Note Factor @ 09/16/24 | 100.0000000 | % | ||||||||||
Class C | ||||||||||||
Note Balance @ 08/15/24 | 17,270,000.00 | |||||||||||
Principal Paid | 0.00 | |||||||||||
Note Balance @ 09/16/24 | 17,270,000.00 | |||||||||||
Note Factor @ 09/16/24 | 100.0000000 | % | ||||||||||
Interest & Principal Payments | $ Amount | |||||||||||
Total Interest Paid | 268,041.44 | |||||||||||
Total Principal Paid | 15,586,449.48 | |||||||||||
Total Paid | 15,854,490.92 | |||||||||||
Class A-1 | ||||||||||||
Coupon | 0.11772 | % | ||||||||||
Interest Paid | 0.00 | |||||||||||
Principal Paid | 0.00 | |||||||||||
Total Paid to A-1 Holders | 0.00 | |||||||||||
Class A-2 | ||||||||||||
Coupon | 0.35000 | % | ||||||||||
Interest Paid | 0.00 | |||||||||||
Principal Paid | 0.00 | |||||||||||
Total Paid to A-2 Holders | 0.00 | |||||||||||
Class A-3 | ||||||||||||
Coupon | 0.81000 | % | ||||||||||
Interest Paid | 88,083.10 | |||||||||||
Principal Paid | 15,586,449.48 | |||||||||||
Total Paid to A-3 Holders | 15,674,532.58 | |||||||||||
Class A-4 | ||||||||||||
Coupon | 1.10000 | % | ||||||||||
Interest Paid | 111,466.67 | |||||||||||
Principal Paid | 0.00 | |||||||||||
Total Paid to A-4 Holders | 111,466.67 | |||||||||||
Class B | ||||||||||||
Coupon | 1.52000 | % | ||||||||||
Interest Paid | 43,738.00 | |||||||||||
Principal Paid | 0.00 | |||||||||||
Total Paid to B Holders | 43,738.00 | |||||||||||
Class C | ||||||||||||
Coupon | 1.72000 | % | ||||||||||
Interest Paid | 24,753.67 | |||||||||||
Principal Paid | 0.00 | |||||||||||
Total Paid to C Holders | 24,753.67 |
Distribution per $1,000 of Notes | Total | |||||||||||
Total Interest Distribution Amount | 0.2334449 | |||||||||||
Total Interest Carryover Shortfall | 0.0000000 | |||||||||||
Total Principal Distribution Amount | 13.5746817 | |||||||||||
Total Distribution Amount | 13.8081266 | |||||||||||
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-2 Interest Distribution Amount | 0.0000000 | |||||||||||
A-2 Interest Carryover Shortfall | 0.0000000 | |||||||||||
A-2 Principal Distribution Amount | 0.0000000 | |||||||||||
Total A-2 Distribution Amount | 0.0000000 | |||||||||||
A-3 Interest Distribution Amount | 0.2273699 | |||||||||||
A-3 Interest Carryover Shortfall | 0.0000000 | |||||||||||
A-3 Principal Distribution Amount | 40.2334783 | |||||||||||
Total A-3 Distribution Amount | 40.4608482 | |||||||||||
A-4 Interest Distribution Amount | 0.9166667 | |||||||||||
A-4 Interest Carryover Shortfall | 0.0000000 | |||||||||||
A-4 Principal Distribution Amount | 0.0000000 | |||||||||||
Total A-4 Distribution Amount | 0.9166667 | |||||||||||
B Interest Distribution Amount | 1.2666667 | |||||||||||
B Interest Carryover Shortfall | 0.0000000 | |||||||||||
B Principal Distribution Amount | 0.0000000 | |||||||||||
Total B Distribution Amount | 1.2666667 | |||||||||||
C Interest Distribution Amount | 1.4333335 | |||||||||||
C Interest Carryover Shortfall | 0.0000000 | |||||||||||
C Principal Distribution Amount | 0.0000000 | |||||||||||
Total C Distribution Amount | 1.4333335 | |||||||||||
Noteholders' First Priority Principal Distributable Amount | 0.00 | |||||||||||
Noteholders' Second Priority Principal Distributable Amount | 0.00 | |||||||||||
Noteholders' Third Priority Principal Distributable Amount | 630.74 | |||||||||||
Noteholders' Principal Distributable Amount | 369.26 | |||||||||||
Account Balances | $ Amount | |||||||||||
Reserve Account | ||||||||||||
Balance as of 08/15/24 | 2,877,704.48 | |||||||||||
Investment Earnings | 12,810.44 | |||||||||||
Investment Earnings Paid | (12,810.44 | ) | ||||||||||
Deposit/(Withdrawal) | - | |||||||||||
Balance as of 09/16/24 | 2,877,704.48 | |||||||||||
Change | - | |||||||||||
Required Reserve Amount | 2,877,704.48 | |||||||||||
Other Servicing Information | Current Month | Prior Month | Two Months Prior | |||||||||
Principal Balance of Receivables extended during the Collection Period | $ | 1,977,586.34 | $ | 2,426,724.25 | $ | 2,331,020.61 | ||||||
Number of Extensions | 117 | 130 | 122 | |||||||||
Ratio of extensions to Beginning of Period Receivables Balance | 0.63 | % | 0.73 | % | 0.67 | % |