World Omni Auto Receivables Trust 2022-D

09/27/2024 | Press release | Distributed by Public on 09/27/2024 05:39

Asset Backed Issuer Distribution Report Form 10 D

World Omni Auto Receivables Trust 2022-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 07/31/24 470,627,041.88 24,378
Yield Supplement Overcollateralization Amount 07/31/24 45,824,875.90 0
Receivables Balance 07/31/24 516,451,917.78 24,378
Principal Payments 20,804,316.57 655
Defaulted Receivables 777,573.61 43
Repurchased Accounts 0.00 0
Yield Supplement Overcollateralization Amount at 08/31/24 43,140,835.65 0
Pool Balance at 08/31/24 451,729,191.95 23,680
Pool Statistics $ Amount # of Accounts
Pool Factor 42.78 %
Prepayment ABS Speed 1.34 %
Aggregate Starting Principal Balance 1,156,658,989.82 50,043
Delinquent Receivables:
Past Due 31-60 days 6,843,383.07 269
Past Due 61-90 days 2,967,901.40 107
Past Due 91-120 days 651,198.98 28
Past Due 121+ days 0.00 0
Total 10,462,483.45 404
Total 31+ Delinquent as % Aggregate Ending Principal Balance 2.11 %
Total 61+ Delinquent as % Aggregate Ending Principal Balance 0.73 %
Delinquency Trigger Occurred NO
Recoveries 620,938.35
Aggregate Net Losses/(Gains) - August 2024 156,635.26
Ratio of Net Loss/(Gain) to the Receivables Balance as of beginning of Collection Period (Annualized):
Current Net Losses/(Gains) Ratio 0.36 %
Prior Net Losses/(Gains) Ratio 0.36 %
Second Prior Net Losses/(Gains) Ratio 0.78 %
Third Prior Net Losses/(Gains) Ratio 0.34 %
Four Month Average 0.46 %
Cumulative Net Loss as a % of Aggregate Starting Principal Balance 0.55 %
Overcollateralization Target Amount 5,106,453.81
Actual Overcollateralization 5,106,453.81
Weighted Average Contract Rate 5.12 %
Weighted Average Contract Rate, Yield Adjusted 10.45 %
Weighted Average Remaining Term 44.36
Flow of Funds $ Amount
Collections 23,655,335.90
Investment Earnings on Cash Accounts 29,811.68
Servicing Fee (430,376.60 )
Transfer to Collection Account -
Available Funds 23,254,770.98
Distributions of Available Funds
(1) Asset Representation Reviewer Amounts (up to $150,000 per year) -
(2) Class A Interest 1,971,907.11
(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 13,791,396.12
(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 2,385,013.94
Total Distributions of Available Funds 23,254,770.98
Servicing Fee 430,376.60
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 @ 08/15/24 465,520,588.07
Principal Paid 18,897,849.93
Note Balance @ 09/16/24 446,622,738.14
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-2a
Note Balance @ 08/15/24 8,479,005.53
Principal Paid 8,479,005.53
Note Balance @ 09/16/24 0.00
Note Factor @ 09/16/24 0.0000000 %
Class A-2b
Note Balance @ 08/15/24 4,571,582.54
Principal Paid 4,571,582.54
Note Balance @ 09/16/24 0.00
Note Factor @ 09/16/24 0.0000000 %
Class A-3
Note Balance @ 08/15/24 306,860,000.00
Principal Paid 5,847,261.86
Note Balance @ 09/16/24 301,012,738.14
Note Factor @ 09/16/24 98.0944855 %
Class A-4
Note Balance @ 08/15/24 99,620,000.00
Principal Paid 0.00
Note Balance @ 09/16/24 99,620,000.00
Note Factor @ 09/16/24 100.0000000 %
Class B
Note Balance @ 08/15/24 30,630,000.00
Principal Paid 0.00
Note Balance @ 09/16/24 30,630,000.00
Note Factor @ 09/16/24 100.0000000 %
Class C
Note Balance @ 08/15/24 15,360,000.00
Principal Paid 0.00
Note Balance @ 09/16/24 15,360,000.00
Note Factor @ 09/16/24 100.0000000 %
Interest & Principal Payments $ Amount
Total Interest Paid 1,971,907.11
Total Principal Paid 18,897,849.93
Total Paid 20,869,757.04
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 38,932.77
Principal Paid 8,479,005.53
Total Paid to A-2a Holders 8,517,938.30
Class A-2b
One-Month SOFR 5.35353 %
Coupon 6.20353 %
Interest Paid 25,208.84
Principal Paid 4,571,582.54
Total Paid to A-2b Holders 4,596,791.38
Class A-3
Coupon 5.61000 %
Interest Paid 1,434,570.50
Principal Paid 5,847,261.86
Total Paid to A-3 Holders 7,281,832.36
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 1.9308004
Total Interest Carryover Shortfall 0.0000000
Total Principal Distribution Amount 18.5039019
Total Distribution Amount 20.4347023
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 0.1679295
A-2a Interest Carryover Shortfall 0.0000000
A-2a Principal Distribution Amount 36.5726602
Total A-2a Distribution Amount 36.7405897
A-2b Interest Distribution Amount 0.2016707
A-2b Interest Carryover Shortfall 0.0000000
A-2b Principal Distribution Amount 36.5726603
Total A-2b Distribution Amount 36.7743310
A-3 Interest Distribution Amount 4.6750000
A-3 Interest Carryover Shortfall 0.0000000
A-3 Principal Distribution Amount 19.0551452
Total A-3 Distribution Amount 23.7301452
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 729.79
Noteholders' Principal Distributable Amount 270.21
Account Balances $ Amount
Reserve Account
Balance as of 08/15/24 5,106,453.81
Investment Earnings 22,852.06
Investment Earnings Paid (22,852.06 )
Deposit/(Withdrawal) -
Balance as of 09/16/24 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 $ 3,575,955.87 $ 4,479,469.05 $ 3,464,744.84
Number of Extensions 128 155 117
Ratio of extensions to Beginning of Period Receivables Balance 0.69 % 0.83 % 0.62 %