06/28/2024 | Press release | Distributed by Public on 06/28/2024 05:03
World Omni Auto Receivables Trust 2021-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 | 359,451,351.87 | 24,725 | ||||||||||
Yield Supplement Overcollateralization Amount 04/30/24 | 4,948,893.27 | 0 | ||||||||||
Receivables Balance 04/30/24 | 364,400,245.14 | 24,725 | ||||||||||
Principal Payments | 17,491,357.98 | 550 | ||||||||||
Defaulted Receivables | 365,894.65 | 18 | ||||||||||
Repurchased Accounts | 0.00 | 0 | ||||||||||
Yield Supplement Overcollateralization Amount at 05/31/24 | 4,529,386.23 | 0 | ||||||||||
Pool Balance at 05/31/24 | 342,013,606.28 | 24,157 | ||||||||||
Pool Statistics | $ Amount | # of Accounts | ||||||||||
Pool Factor | 29.27 | % | ||||||||||
Prepayment ABS Speed | 1.20 | % | ||||||||||
Aggregate Starting Principal Balance | 1,183,996,579.97 | 40,585 | ||||||||||
Delinquent Receivables: | ||||||||||||
Past Due 31-60 days | 6,617,815.80 | 333 | ||||||||||
Past Due 61-90 days | 1,893,165.18 | 98 | ||||||||||
Past Due 91-120 days | 290,176.78 | 15 | ||||||||||
Past Due 121+ days | 0.00 | 0 | ||||||||||
Total | 8,801,157.76 | 446 | ||||||||||
Total 31+ Delinquent as % Aggregate Ending Principal Balance | 2.54 | % | ||||||||||
Total 61+ Delinquent as % Aggregate Ending Principal Balance | 0.63 | % | ||||||||||
Delinquency Trigger Occurred | NO | |||||||||||
Recoveries | 369,154.39 | |||||||||||
Aggregate Net Losses/(Gains) - May 2024 | (3,259.74 | ) | ||||||||||
Ratio of Net Loss/(Gain) to the Receivables Balance as of beginning of Collection Period (Annualized): | ||||||||||||
Current Net Losses/(Gains) Ratio | -0.01 | % | ||||||||||
Prior Net Losses/(Gains) Ratio | 0.00 | % | ||||||||||
Second Prior Net Losses/(Gains) Ratio | -0.52 | % | ||||||||||
Third Prior Net Losses/(Gains) Ratio | 0.86 | % | ||||||||||
Four Month Average | 0.08 | % | ||||||||||
Cumulative Net Loss as a % of Aggregate Starting Principal Balance | 0.44 | % | ||||||||||
Overcollateralization Target Amount | 5,755,408.97 | |||||||||||
Actual Overcollateralization | 5,755,408.97 | |||||||||||
Weighted Average Contract Rate | 4.00 | % | ||||||||||
Weighted Average Contract Rate, Yield Adjusted | 5.18 | % | ||||||||||
Weighted Average Remaining Term | 32.86 | |||||||||||
Flow of Funds | $ Amount | |||||||||||
Collections | 19,061,361.46 | |||||||||||
Investment Earnings on Cash Accounts | 15,656.67 | |||||||||||
Servicing Fee | (303,666.87 | ) | ||||||||||
Transfer to Collection Account | - | |||||||||||
Available Funds | 18,773,351.26 | |||||||||||
Distributions of Available Funds | ||||||||||||
(1) Asset Representation Reviewer Amounts (up to $150,000 per year) | - | |||||||||||
(2) Class A Interest | 233,166.43 | |||||||||||
(3) Noteholders' First Priority Principal Distributable Amount | - | |||||||||||
(4) Class B Interest | 43,738.00 | |||||||||||
(5) Noteholders' Second Priority Principal Distributable Amount | - | |||||||||||
(6) Class C Interest | 24,753.67 | |||||||||||
(7) Noteholders' Third Priority Principal Distributable Amount | 11,682,336.62 | |||||||||||
(8) Required Reserve Account | - | |||||||||||
(9) Noteholders' Principal Distributable Amount | 5,755,408.97 | |||||||||||
(10) Asset Representation Reviewer Amounts (in excess of 1) | - | |||||||||||
(11) Distribution to Certificateholders | 1,033,947.57 | |||||||||||
Total Distributions of Available Funds | 18,773,351.26 | |||||||||||
Servicing Fee | 303,666.87 | |||||||||||
Unpaid Servicing Fee | - | |||||||||||
Change in amount of the unpaid servicing fee from the prior period | - |
Note Balances & Note Factors | $ Amount | |||||||||||
Original Class A | 1,096,400,000.00 | |||||||||||
Original Class B | 34,530,000.00 | |||||||||||
Original Class C | 17,270,000.00 | |||||||||||
Total Class A, B, & C | ||||||||||||
Note Balance @ 05/15/24 | 353,695,942.90 | |||||||||||
Principal Paid | 17,437,745.59 | |||||||||||
Note Balance @ 06/17/24 | 336,258,197.31 | |||||||||||
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 | 180,295,942.90 | |||||||||||
Principal Paid | 17,437,745.59 | |||||||||||
Note Balance @ 06/17/24 | 162,858,197.31 | |||||||||||
Note Factor @ 06/17/24 | 42.0387706 | % | ||||||||||
Class A-4 | ||||||||||||
Note Balance @ 05/15/24 | 121,600,000.00 | |||||||||||
Principal Paid | 0.00 | |||||||||||
Note Balance @ 06/17/24 | 121,600,000.00 | |||||||||||
Note Factor @ 06/17/24 | 100.0000000 | % | ||||||||||
Class B | ||||||||||||
Note Balance @ 05/15/24 | 34,530,000.00 | |||||||||||
Principal Paid | 0.00 | |||||||||||
Note Balance @ 06/17/24 | 34,530,000.00 | |||||||||||
Note Factor @ 06/17/24 | 100.0000000 | % | ||||||||||
Class C | ||||||||||||
Note Balance @ 05/15/24 | 17,270,000.00 | |||||||||||
Principal Paid | 0.00 | |||||||||||
Note Balance @ 06/17/24 | 17,270,000.00 | |||||||||||
Note Factor @ 06/17/24 | 100.0000000 | % | ||||||||||
Interest & Principal Payments | $ Amount | |||||||||||
Total Interest Paid | 301,658.10 | |||||||||||
Total Principal Paid | 17,437,745.59 | |||||||||||
Total Paid | 17,739,403.69 | |||||||||||
Class A-1 | ||||||||||||
Coupon | 0.11772 | % | ||||||||||
Interest Paid | 0.00 | |||||||||||
Principal Paid | 0.00 | |||||||||||
Total Paid to A-1 Holders | 0.00 | |||||||||||
Class A-2 | ||||||||||||
Coupon | 0.35000 | % | ||||||||||
Interest Paid | 0.00 | |||||||||||
Principal Paid | 0.00 | |||||||||||
Total Paid to A-2 Holders | 0.00 | |||||||||||
Class A-3 | ||||||||||||
Coupon | 0.81000 | % | ||||||||||
Interest Paid | 121,699.76 | |||||||||||
Principal Paid | 17,437,745.59 | |||||||||||
Total Paid to A-3 Holders | 17,559,445.35 | |||||||||||
Class A-4 | ||||||||||||
Coupon | 1.10000 | % | ||||||||||
Interest Paid | 111,466.67 | |||||||||||
Principal Paid | 0.00 | |||||||||||
Total Paid to A-4 Holders | 111,466.67 | |||||||||||
Class B | ||||||||||||
Coupon | 1.52000 | % | ||||||||||
Interest Paid | 43,738.00 | |||||||||||
Principal Paid | 0.00 | |||||||||||
Total Paid to B Holders | 43,738.00 | |||||||||||
Class C | ||||||||||||
Coupon | 1.72000 | % | ||||||||||
Interest Paid | 24,753.67 | |||||||||||
Principal Paid | 0.00 | |||||||||||
Total Paid to C Holders | 24,753.67 |
Distribution per $1,000 of Notes | Total | |||||||||||
Total Interest Distribution Amount | 0.2627226 | |||||||||||
Total Interest Carryover Shortfall | 0.0000000 | |||||||||||
Total Principal Distribution Amount | 15.1870280 | |||||||||||
Total Distribution Amount | 15.4497506 | |||||||||||
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 | 0.3141450 | |||||||||||
A-3 Interest Carryover Shortfall | 0.0000000 | |||||||||||
A-3 Principal Distribution Amount | 45.0122498 | |||||||||||
Total A-3 Distribution Amount | 45.3263948 | |||||||||||
A-4 Interest Distribution Amount | 0.9166667 | |||||||||||
A-4 Interest Carryover Shortfall | 0.0000000 | |||||||||||
A-4 Principal Distribution Amount | 0.0000000 | |||||||||||
Total A-4 Distribution Amount | 0.9166667 | |||||||||||
B Interest Distribution Amount | 1.2666667 | |||||||||||
B Interest Carryover Shortfall | 0.0000000 | |||||||||||
B Principal Distribution Amount | 0.0000000 | |||||||||||
Total B Distribution Amount | 1.2666667 | |||||||||||
C Interest Distribution Amount | 1.4333335 | |||||||||||
C Interest Carryover Shortfall | 0.0000000 | |||||||||||
C Principal Distribution Amount | 0.0000000 | |||||||||||
Total C Distribution Amount | 1.4333335 | |||||||||||
Noteholders' First Priority Principal Distributable Amount | 0.00 | |||||||||||
Noteholders' Second Priority Principal Distributable Amount | 0.00 | |||||||||||
Noteholders' Third Priority Principal Distributable Amount | 669.95 | |||||||||||
Noteholders' Principal Distributable Amount | 330.05 | |||||||||||
Account Balances | $ Amount | |||||||||||
Reserve Account | ||||||||||||
Balance as of 05/15/24 | 2,877,704.48 | |||||||||||
Investment Earnings | 12,819.51 | |||||||||||
Investment Earnings Paid | (12,819.51 | ) | ||||||||||
Deposit/(Withdrawal) | - | |||||||||||
Balance as of 06/17/24 | 2,877,704.48 | |||||||||||
Change | - | |||||||||||
Required Reserve Amount | 2,877,704.48 | |||||||||||
Other Servicing Information | Current Month | Prior Month | Two Months Prior | |||||||||
Principal Balance of Receivables extended during the Collection Period | $ | 2,528,672.33 | $ | 2,302,848.90 | $ | 1,980,689.05 | ||||||
Number of Extensions | 130 | 119 | 97 | |||||||||
Ratio of extensions to Beginning of Period Receivables Balance | 0.69 | % | 0.60 | % | 0.49 | % |