World Omni Auto Receivables Trust 2022 A

06/28/2024 | Press release | Distributed by Public on 06/28/2024 05:06

Asset Backed Issuer Distribution Report Form 10 D

World Omni Auto Receivables Trust 2022-A
Monthly Servicer Certificate
May 31, 2024
Dates Covered
Collections Period 05/01/24 - 05/31/24
Interest Accrual Period 05/15/24 - 06/16/24
30/360 Days 30
Actual/360 Days 33
Distribution Date 06/17/24
Collateral Pool Balance Data $ Amount # of Accounts
Pool Balance at 04/30/24 328,003,793.46 19,617
Yield Supplement Overcollateralization Amount 04/30/24 7,255,154.66 0
Receivables Balance 04/30/24 335,258,948.12 19,617
Principal Payments 14,537,955.63 395
Defaulted Receivables 416,411.45 18
Repurchased Accounts 0.00 0
Yield Supplement Overcollateralization Amount at 05/31/24 6,745,885.35 0
Pool Balance at 05/31/24 313,558,695.69 19,204
Pool Statistics $ Amount # of Accounts
Pool Factor 33.22 %
Prepayment ABS Speed 1.21 %
Aggregate Starting Principal Balance 964,210,703.53 37,826
Delinquent Receivables:
Past Due 31-60 days 7,138,095.62 303
Past Due 61-90 days 1,793,183.63 76
Past Due 91-120 days 457,111.67 24
Past Due 121+ days 0.00 0
Total 9,388,390.92 403
Total 31+ Delinquent as % Aggregate Ending Principal Balance 2.93 %
Total 61+ Delinquent as % Aggregate Ending Principal Balance 0.70 %
Delinquency Trigger Occurred NO
Recoveries 346,705.11
Aggregate Net Losses/(Gains) - May 2024 69,706.34
Ratio of Net Loss/(Gain) to the Receivables Balance as of beginning of Collection Period (Annualized):
Current Net Losses/(Gains) Ratio 0.25 %
Prior Net Losses/(Gains) Ratio -0.19 %
Second Prior Net Losses/(Gains) Ratio 0.67 %
Third Prior Net Losses/(Gains) Ratio 0.65 %
Four Month Average 0.35 %
Cumulative Net Loss as a % of Aggregate Starting Principal Balance 0.56 %
Overcollateralization Target Amount 4,644,197.93
Actual Overcollateralization 4,644,197.93
Weighted Average Contract Rate 4.36 %
Weighted Average Contract Rate, Yield Adjusted 5.89 %
Weighted Average Remaining Term 37.79
Flow of Funds $ Amount
Collections 16,092,723.29
Investment Earnings on Cash Accounts 12,805.26
Servicing Fee (279,382.46 )
Transfer to Collection Account -
Available Funds 15,826,146.09
Distributions of Available Funds
(1) Asset Representation Reviewer Amounts (up to $150,000 per year) -
(2) Class A Interest 405,320.77
(3) Noteholders' First Priority Principal Distributable Amount -
(4) Class B Interest 52,256.25
(5) Noteholders' Second Priority Principal Distributable Amount -
(6) Class C Interest 29,601.25
(7) Noteholders' Third Priority Principal Distributable Amount 9,800,899.84
(8) Required Reserve Account -
(9) Noteholders' Principal Distributable Amount 4,644,197.93
(10) Asset Representation Reviewer Amounts (in excess of 1) -
(11) Distribution to Certificateholders 893,870.05
Total Distributions of Available Funds 15,826,146.09
Servicing Fee 279,382.46
Unpaid Servicing Fee -
Change in amount of the unpaid servicing fee from the prior period -
Note Balances & Note Factors $ Amount
Original Class A 884,710,000.00
Original Class B 27,870,000.00
Original Class C 13,930,000.00
Total Class A, B, & C
Note Balance @ 05/15/24 323,359,595.53
Principal Paid 14,445,097.77
Note Balance @ 06/17/24 308,914,497.76
Class A-1
Note Balance @ 05/15/24 0.00
Principal Paid 0.00
Note Balance @ 06/17/24 0.00
Note Factor @ 06/17/24 0.0000000 %
Class A-2
Note Balance @ 05/15/24 0.00
Principal Paid 0.00
Note Balance @ 06/17/24 0.00
Note Factor @ 06/17/24 0.0000000 %
Class A-3
Note Balance @ 05/15/24 202,409,595.53
Principal Paid 14,445,097.77
Note Balance @ 06/17/24 187,964,497.76
Note Factor @ 06/17/24 61.4705009 %
Class A-4
Note Balance @ 05/15/24 79,150,000.00
Principal Paid 0.00
Note Balance @ 06/17/24 79,150,000.00
Note Factor @ 06/17/24 100.0000000 %
Class B
Note Balance @ 05/15/24 27,870,000.00
Principal Paid 0.00
Note Balance @ 06/17/24 27,870,000.00
Note Factor @ 06/17/24 100.0000000 %
Class C
Note Balance @ 05/15/24 13,930,000.00
Principal Paid 0.00
Note Balance @ 06/17/24 13,930,000.00
Note Factor @ 06/17/24 100.0000000 %
Interest & Principal Payments $ Amount
Total Interest Paid 487,178.27
Total Principal Paid 14,445,097.77
Total Paid 14,932,276.04
Class A-1
Coupon 0.39629 %
Interest Paid 0.00
Principal Paid 0.00
Total Paid to A-1 Holders 0.00
Class A-2
Coupon 1.15000 %
Interest Paid 0.00
Principal Paid 0.00
Total Paid to A-2 Holders 0.00
Class A-3
Coupon 1.66000 %
Interest Paid 279,999.94
Principal Paid 14,445,097.77
Total Paid to A-3 Holders 14,725,097.71
Class A-4
Coupon 1.90000 %
Interest Paid 125,320.83
Principal Paid 0.00
Total Paid to A-4 Holders 125,320.83
Class B
Coupon 2.25000 %
Interest Paid 52,256.25
Principal Paid 0.00
Total Paid to B Holders 52,256.25
Class C
Coupon 2.55000 %
Interest Paid 29,601.25
Principal Paid 0.00
Total Paid to C Holders 29,601.25
Distribution per $1,000 of Notes Total
Total Interest Distribution Amount 0.5258208
Total Interest Carryover Shortfall 0.0000000
Total Principal Distribution Amount 15.5908709
Total Distribution Amount 16.1166917
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 0.9156908
A-3 Interest Carryover Shortfall 0.0000000
A-3 Principal Distribution Amount 47.2401654
Total A-3 Distribution Amount 48.1558562
A-4 Interest Distribution Amount 1.5833333
A-4 Interest Carryover Shortfall 0.0000000
A-4 Principal Distribution Amount 0.0000000
Total A-4 Distribution Amount 1.5833333
B Interest Distribution Amount 1.8750000
B Interest Carryover Shortfall 0.0000000
B Principal Distribution Amount 0.0000000
Total B Distribution Amount 1.8750000
C Interest Distribution Amount 2.1250000
C Interest Carryover Shortfall 0.0000000
C Principal Distribution Amount 0.0000000
Total C Distribution Amount 2.1250000
Noteholders' First Priority Principal Distributable Amount 0.00
Noteholders' Second Priority Principal Distributable Amount 0.00
Noteholders' Third Priority Principal Distributable Amount 678.49
Noteholders' Principal Distributable Amount 321.51
Account Balances $ Amount
Reserve Account
Balance as of 05/15/24 2,322,098.97
Investment Earnings 10,344.42
Investment Earnings Paid (10,344.42 )
Deposit/(Withdrawal) -
Balance as of 06/17/24 2,322,098.97
Change -
Required Reserve Amount 2,322,098.97
Other Servicing Information Current Month Prior Month Two Months Prior
Principal Balance of Receivables extended during the Collection Period $ 2,113,257.41 $ 2,187,381.20 $ 2,672,244.99
Number of Extensions 92 93 114
Ratio of extensions to Beginning of Period Receivables Balance 0.63 % 0.62 % 0.73 %