World Omni Auto Receivables Trust 2022-D

06/28/2024 | Press release | Distributed by Public on 06/28/2024 05:16

Asset Backed Issuer Distribution Report Form 10 D

World Omni Auto Receivables Trust 2022-D

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 04/30/24 527,858,202.20 27,163
Yield Supplement Overcollateralization Amount 04/30/24 54,341,073.12 0
Receivables Balance 04/30/24 582,199,275.32 27,163
Principal Payments 22,541,853.48 1,008
Defaulted Receivables 846,528.40 35
Repurchased Accounts 0.00 0
Yield Supplement Overcollateralization Amount at 05/31/24 51,288,803.45 0
Pool Balance at 05/31/24 507,522,089.99 26,120
Pool Statistics $ Amount # of Accounts
Pool Factor 48.31 %
Prepayment ABS Speed 1.38 %
Aggregate Starting Principal Balance 1,156,658,989.82 50,043
Delinquent Receivables:
Past Due 31-60 days 7,133,800.94 287
Past Due 61-90 days 2,285,259.86 86
Past Due 91-120 days 336,086.72 18
Past Due 121+ days 0.00 0
Total 9,755,147.52 391
Total 31+ Delinquent as % Aggregate Ending Principal Balance 1.75 %
Total 61+ Delinquent as % Aggregate Ending Principal Balance 0.47 %
Delinquency Trigger Occurred NO
Recoveries 679,460.10
Aggregate Net Losses/(Gains) - May 2024 167,068.30
Ratio of Net Loss/(Gain) to the Receivables Balance as of beginning of Collection Period (Annualized):
Current Net Losses/(Gains) Ratio 0.34 %
Prior Net Losses/(Gains) Ratio 0.79 %
Second Prior Net Losses/(Gains) Ratio 0.73 %
Third Prior Net Losses/(Gains) Ratio 1.02 %
Four Month Average 0.72 %
Cumulative Net Loss as a % of Aggregate Starting Principal Balance 0.49 %
Overcollateralization Target Amount 5,106,453.81
Actual Overcollateralization 5,106,453.81
Weighted Average Contract Rate 5.10 %
Weighted Average Contract Rate, Yield Adjusted 10.45 %
Weighted Average Remaining Term 46.87
Flow of Funds $ Amount
Collections 25,683,186.43
Investment Earnings on Cash Accounts 30,488.77
Servicing Fee (485,166.06 )
Transfer to Collection Account -
Available Funds 25,228,509.14
Distributions of Available Funds
(1) Asset Representation Reviewer Amounts (up to $150,000 per year) -
(2) Class A Interest 2,256,758.82
(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 15,229,658.40
(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 2,635,638.11
Total Distributions of Available Funds 25,228,509.14
Servicing Fee 485,166.06
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 @ 05/15/24 522,751,748.39
Principal Paid 20,336,112.21
Note Balance @ 06/17/24 502,415,636.18
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-2a
Note Balance @ 05/15/24 45,662,259.12
Principal Paid 13,212,432.06
Note Balance @ 06/17/24 32,449,827.06
Note Factor @ 06/17/24 13.9966473 %
Class A-2b
Note Balance @ 05/15/24 24,619,489.27
Principal Paid 7,123,680.15
Note Balance @ 06/17/24 17,495,809.12
Note Factor @ 06/17/24 13.9966473 %
Class A-3
Note Balance @ 05/15/24 306,860,000.00
Principal Paid 0.00
Note Balance @ 06/17/24 306,860,000.00
Note Factor @ 06/17/24 100.0000000 %
Class A-4
Note Balance @ 05/15/24 99,620,000.00
Principal Paid 0.00
Note Balance @ 06/17/24 99,620,000.00
Note Factor @ 06/17/24 100.0000000 %
Class B
Note Balance @ 05/15/24 30,630,000.00
Principal Paid 0.00
Note Balance @ 06/17/24 30,630,000.00
Note Factor @ 06/17/24 100.0000000 %
Class C
Note Balance @ 05/15/24 15,360,000.00
Principal Paid 0.00
Note Balance @ 06/17/24 15,360,000.00
Note Factor @ 06/17/24 100.0000000 %
Interest & Principal Payments $ Amount
Total Interest Paid 2,256,758.82
Total Principal Paid 20,336,112.21
Total Paid 22,592,871.03
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 209,665.87
Principal Paid 13,212,432.06
Total Paid to A-2a Holders 13,422,097.93
Class A-2b
One-Month SOFR 5.32371 %
Coupon 6.17371 %
Interest Paid 139,327.45
Principal Paid 7,123,680.15
Total Paid to A-2b Holders 7,263,007.60
Class A-3
Coupon 5.61000 %
Interest Paid 1,434,570.50
Principal Paid 0.00
Total Paid to A-3 Holders 1,434,570.50
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 2.2097140
Total Interest Carryover Shortfall 0.0000000
Total Principal Distribution Amount 19.9121819
Total Distribution Amount 22.1218959
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 0.9043559
A-2a Interest Carryover Shortfall 0.0000000
A-2a Principal Distribution Amount 56.9894413
Total A-2a Distribution Amount 57.8937972
A-2b Interest Distribution Amount 1.1146196
A-2b Interest Carryover Shortfall 0.0000000
A-2b Principal Distribution Amount 56.9894412
Total A-2b Distribution Amount 58.1040608
A-3 Interest Distribution Amount 4.6750000
A-3 Interest Carryover Shortfall 0.0000000
A-3 Principal Distribution Amount 0.0000000
Total A-3 Distribution Amount 4.6750000
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 748.90
Noteholders' Principal Distributable Amount 251.10
Account Balances $ Amount
Reserve Account
Balance as of 05/15/24 5,106,453.81
Investment Earnings 22,815.27
Investment Earnings Paid (22,815.27 )
Deposit/(Withdrawal) -
Balance as of 06/17/24 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 $ 3,494,512.85 $ 3,282,391.72 $ 3,517,806.89
Number of Extensions 124 119 122
Ratio of extensions to Beginning of Period Receivables Balance 0.60 % 0.54 % 0.56 %