World Omni Auto Receivables Trust 2021-A
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Monthly Servicer Certificate
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May 31, 2024
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Dates Covered
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Collections Period
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05/01/24 - 05/31/24
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Interest Accrual Period
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05/15/24 - 06/16/24
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30/360 Days
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30
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Actual/360 Days
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33
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Distribution Date
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06/17/24
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Collateral Pool Balance Data
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$ Amount
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# of Accounts
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Pool Balance at 04/30/24
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207,653,277.62
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18,690
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Yield Supplement Overcollateralization Amount 04/30/24
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4,301,133.01
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0
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Receivables Balance 04/30/24
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211,954,410.63
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18,690
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Principal Payments
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12,460,930.41
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369
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Defaulted Receivables
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151,484.54
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9
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Repurchased Accounts
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0.00
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0
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Yield Supplement Overcollateralization Amount at 05/31/24
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3,876,256.49
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0
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Pool Balance at 05/31/24
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195,465,739.19
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18,312
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Pool Statistics
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$ Amount
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# of Accounts
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Pool Factor
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17.22
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%
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Prepayment ABS Speed
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1.10
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%
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Aggregate Starting Principal Balance
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1,157,521,164.95
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46,418
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Delinquent Receivables:
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Past Due 31-60 days
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3,863,766.11
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240
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Past Due 61-90 days
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956,766.00
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60
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Past Due 91-120 days
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122,440.38
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8
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Past Due 121+ days
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0.00
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0
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Total
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4,942,972.49
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308
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Total 31+ Delinquent as % Aggregate Ending Principal Balance
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2.48
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%
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Total 61+ Delinquent as % Aggregate Ending Principal Balance
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0.54
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%
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Delinquency Trigger Occurred
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NO
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Recoveries
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128,047.53
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Aggregate Net Losses/(Gains) - May 2024
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23,437.01
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Ratio of Net Loss/(Gain) to the Receivables Balance as of beginning of Collection Period (Annualized):
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Current Net Losses/(Gains) Ratio
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0.13
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%
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Prior Net Losses/(Gains) Ratio
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-0.12
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%
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Second Prior Net Losses/(Gains) Ratio
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0.66
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%
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Third Prior Net Losses/(Gains) Ratio
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0.34
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%
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Four Month Average
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0.25
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%
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Cumulative Net Loss as a % of Aggregate Starting Principal Balance
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0.35
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%
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Overcollateralization Target Amount
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5,504,632.16
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Actual Overcollateralization
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5,504,632.16
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Weighted Average Contract Rate
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3.67
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%
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Weighted Average Contract Rate, Yield Adjusted
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5.76
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%
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Weighted Average Remaining Term
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25.05
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Flow of Funds
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$ Amount
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Collections
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13,238,343.06
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Investment Earnings on Cash Accounts
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26,461.07
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Servicing Fee
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(176,628.68
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Transfer to Collection Account
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-
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Available Funds
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13,088,175.45
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Distributions of Available Funds
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(1) Asset Representation Reviewer Amounts (up to $150,000 per year)
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-
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(2) Class A Interest
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53,152.66
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(3) Noteholders' First Priority Principal Distributable Amount
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-
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(4) Class B Interest
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17,616.00
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(5) Noteholders' Second Priority Principal Distributable Amount
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-
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(6) Class C Interest
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12,252.33
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(7) Noteholders' Third Priority Principal Distributable Amount
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6,682,906.27
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(8) Required Reserve Account
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-
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(9) Noteholders' Principal Distributable Amount
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5,504,632.16
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(10) Asset Representation Reviewer Amounts (in excess of 1)
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-
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(11) Distribution to Certificateholders
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817,616.03
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Total Distributions of Available Funds
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13,088,175.45
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Servicing Fee
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176,628.68
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Unpaid Servicing Fee
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-
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Change in amount of the unpaid servicing fee from the prior period
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-
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Distribution per $1,000 of Notes
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Total
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Total Interest Distribution Amount
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0.0755994
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Total Interest Carryover Shortfall
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0.0000000
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Total Principal Distribution Amount
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11.0980435
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Total Distribution Amount
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11.1736429
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A-1 Interest Distribution Amount
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0.0000000
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A-1 Interest Carryover Shortfall
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0.0000000
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A-1 Principal Distribution Amount
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0.0000000
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Total A-1 Distribution Amount
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0.0000000
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A-2 Interest Distribution Amount
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0.0000000
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A-2 Interest Carryover Shortfall
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0.0000000
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A-2 Principal Distribution Amount
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0.0000000
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Total A-2 Distribution Amount
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0.0000000
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A-3 Interest Distribution Amount
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0.0336525
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A-3 Interest Carryover Shortfall
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0.0000000
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A-3 Principal Distribution Amount
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31.2020953
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Total A-3 Distribution Amount
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31.2357478
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A-4 Interest Distribution Amount
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0.4000000
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A-4 Interest Carryover Shortfall
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0.0000000
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A-4 Principal Distribution Amount
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0.0000000
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Total A-4 Distribution Amount
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0.4000000
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B Interest Distribution Amount
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0.5333333
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B Interest Carryover Shortfall
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0.0000000
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B Principal Distribution Amount
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0.0000000
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Total B Distribution Amount
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0.5333333
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C Interest Distribution Amount
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0.7416665
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C Interest Carryover Shortfall
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0.0000000
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C Principal Distribution Amount
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0.0000000
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Total C Distribution Amount
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0.7416665
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Noteholders' First Priority Principal Distributable Amount
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0.00
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Noteholders' Second Priority Principal Distributable Amount
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0.00
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Noteholders' Third Priority Principal Distributable Amount
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548.34
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Noteholders' Principal Distributable Amount
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451.66
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Account Balances
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$ Amount
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Reserve Account
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Balance as of 05/15/24
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5,504,632.16
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Investment Earnings
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24,521.87
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Investment Earnings Paid
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(24,521.87
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Deposit/(Withdrawal)
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-
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Balance as of 06/17/24
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5,504,632.16
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Change
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-
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Required Reserve Amount
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5,504,632.16
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Other Servicing Information
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Current Month
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Prior Month
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Two Months Prior
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Principal Balance of Receivables extended during the Collection Period
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$
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1,155,253.74
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$
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1,300,403.70
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$
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1,069,003.77
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Number of Extensions
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78
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81
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67
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Ratio of extensions to Beginning of Period Receivables Balance
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0.55
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%
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0.58
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%
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0.45
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%
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