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