World Omni Auto Receivables Trust 2022 A

11/27/2024 | Press release | Distributed by Public on 11/27/2024 06:08

Asset Backed Issuer Distribution Report Form 10 D

World Omni Auto Receivables Trust 2022-A
Monthly Servicer Certificate
October 31, 2024
Dates Covered
Collections Period 10/01/24 - 10/31/24
Interest Accrual Period 10/15/24 - 11/14/24
30/360 Days 30
Actual/360 Days 31
Distribution Date 11/15/24
Collateral Pool Balance Data $ Amount # of Accounts
Pool Balance at 09/30/24 260,441,859.56 16,884
Yield Supplement Overcollateralization Amount 09/30/24 5,000,831.57 0
Receivables Balance 09/30/24 265,442,691.13 16,884
Principal Payments 12,079,358.07 305
Defaulted Receivables 591,393.44 26
Repurchased Accounts 0.00 0
Yield Supplement Overcollateralization Amount at 10/31/24 4,619,908.17 0
Pool Balance at 10/31/24 248,152,031.45 16,553
Pool Statistics $ Amount # of Accounts
Pool Factor 26.22 %
Prepayment ABS Speed 1.14 %
Aggregate Starting Principal Balance 964,210,703.53 37,826
Delinquent Receivables:
Past Due 31-60 days 7,040,067.20 334
Past Due 61-90 days 1,815,393.83 88
Past Due 91-120 days 479,022.76 22
Past Due 121+ days 0.00 0
Total 9,334,483.79 444
Total 31+ Delinquent as % Aggregate Ending Principal Balance 3.69 %
Total 61+ Delinquent as % Aggregate Ending Principal Balance 0.91 %
Delinquency Trigger Occurred NO
Recoveries 367,443.07
Aggregate Net Losses/(Gains) - October 2024 223,950.37
Ratio of Net Loss/(Gain) to the Receivables Balance as of beginning of Collection Period (Annualized):
Current Net Losses/(Gains) Ratio 1.01 %
Prior Net Losses/(Gains) Ratio -0.04 %
Second Prior Net Losses/(Gains) Ratio 0.51 %
Third Prior Net Losses/(Gains) Ratio 0.09 %
Four Month Average 0.39 %
Cumulative Net Loss as a % of Aggregate Starting Principal Balance 0.64 %
Overcollateralization Target Amount 4,644,197.93
Actual Overcollateralization 4,644,197.93
Weighted Average Contract Rate 4.43 %
Weighted Average Contract Rate, Yield Adjusted 5.90 %
Weighted Average Remaining Term 33.54
Flow of Funds $ Amount
Collections 13,397,017.47
Investment Earnings on Cash Accounts 11,101.20
Servicing Fee (221,202.24 )
Transfer to Collection Account -
Available Funds 13,186,916.43
Distributions of Available Funds
(1) Asset Representation Reviewer Amounts (up to $150,000 per year) -
(2) Class A Interest 311,860.10
(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 7,645,630.18
(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 503,370.72
Total Distributions of Available Funds 13,186,916.43
Servicing Fee 221,202.24
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 @ 10/15/24 255,797,661.63
Principal Paid 12,289,828.11
Note Balance @ 11/15/24 243,507,833.52
Class A-1
Note Balance @ 10/15/24 0.00
Principal Paid 0.00
Note Balance @ 11/15/24 0.00
Note Factor @ 11/15/24 0.0000000 %
Class A-2
Note Balance @ 10/15/24 0.00
Principal Paid 0.00
Note Balance @ 11/15/24 0.00
Note Factor @ 11/15/24 0.0000000 %
Class A-3
Note Balance @ 10/15/24 134,847,661.63
Principal Paid 12,289,828.11
Note Balance @ 11/15/24 122,557,833.52
Note Factor @ 11/15/24 40.0803956 %
Class A-4
Note Balance @ 10/15/24 79,150,000.00
Principal Paid 0.00
Note Balance @ 11/15/24 79,150,000.00
Note Factor @ 11/15/24 100.0000000 %
Class B
Note Balance @ 10/15/24 27,870,000.00
Principal Paid 0.00
Note Balance @ 11/15/24 27,870,000.00
Note Factor @ 11/15/24 100.0000000 %
Class C
Note Balance @ 10/15/24 13,930,000.00
Principal Paid 0.00
Note Balance @ 11/15/24 13,930,000.00
Note Factor @ 11/15/24 100.0000000 %
Interest & Principal Payments $ Amount
Total Interest Paid 393,717.60
Total Principal Paid 12,289,828.11
Total Paid 12,683,545.71
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 186,539.27
Principal Paid 12,289,828.11
Total Paid to A-3 Holders 12,476,367.38
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 0.4249470
Total Interest Carryover Shortfall 0.0000000
Total Principal Distribution Amount 13.2646470
Total Distribution Amount 13.6895940
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 0.6100441
A-3 Interest Carryover Shortfall 0.0000000
A-3 Principal Distribution Amount 40.1917330
Total A-3 Distribution Amount 40.8017771
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 622.11
Noteholders' Principal Distributable Amount 377.89
Account Balances $ Amount
Reserve Account
Balance as of 10/15/24 2,322,098.97
Investment Earnings 9,346.92
Investment Earnings Paid (9,346.92 )
Deposit/(Withdrawal) -
Balance as of 11/15/24 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 $ 4,468,520.42 $ 2,300,709.20 $ 2,045,358.87
Number of Extensions 220 113 104
Ratio of extensions to Beginning of Period Receivables Balance 1.68 % 0.83 % 0.70 %