World Omni Auto Receivables Trust 2022-D

11/27/2024 | Press release | Distributed by Public on 11/27/2024 06:22

Asset Backed Issuer Distribution Report Form 10 D

World Omni Auto Receivables Trust 2022-D
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 09/30/24 436,461,650.55 23,170
Yield Supplement Overcollateralization Amount 09/30/24 38,855,100.59 0
Receivables Balance 09/30/24 475,316,751.14 23,170
Principal Payments 19,515,595.64 489
Defaulted Receivables 938,282.15 39
Repurchased Accounts 0.00 0
Yield Supplement Overcollateralization Amount at 10/31/24 36,487,861.05 0
Pool Balance at 10/31/24 418,375,012.30 22,642
Pool Statistics $ Amount # of Accounts
Pool Factor 39.33 %
Prepayment ABS Speed 1.32 %
Aggregate Starting Principal Balance 1,156,658,989.82 50,043
Delinquent Receivables:
Past Due 31-60 days 7,992,828.67 298
Past Due 61-90 days 2,648,925.48 100
Past Due 91-120 days 510,926.68 22
Past Due 121+ days 0.00 0
Total 11,152,680.83 420
Total 31+ Delinquent as % Aggregate Ending Principal Balance 2.45 %
Total 61+ Delinquent as % Aggregate Ending Principal Balance 0.69 %
Delinquency Trigger Occurred NO
Recoveries 494,921.84
Aggregate Net Losses/(Gains) - October 2024 443,360.31
Ratio of Net Loss/(Gain) to the Receivables Balance as of beginning of Collection Period (Annualized):
Current Net Losses/(Gains) Ratio 1.12 %
Prior Net Losses/(Gains) Ratio 0.18 %
Second Prior Net Losses/(Gains) Ratio 0.36 %
Third Prior Net Losses/(Gains) Ratio 0.36 %
Four Month Average 0.51 %
Cumulative Net Loss as a % of Aggregate Starting Principal Balance 0.60 %
Overcollateralization Target Amount 5,106,453.81
Actual Overcollateralization 5,106,453.81
Weighted Average Contract Rate 5.14 %
Weighted Average Contract Rate, Yield Adjusted 10.20 %
Weighted Average Remaining Term 42.64
Flow of Funds $ Amount
Collections 22,016,935.55
Investment Earnings on Cash Accounts 34,775.34
Servicing Fee (396,097.29 )
Transfer to Collection Account -
Available Funds 21,655,613.60
Distributions of Available Funds
(1) Asset Representation Reviewer Amounts (up to $150,000 per year) -
(2) Class A Interest 1,809,053.79
(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 12,980,184.44
(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 1,759,921.56
Total Distributions of Available Funds 21,655,613.60
Servicing Fee 396,097.29
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 @ 10/15/24 431,355,196.74
Principal Paid 18,086,638.25
Note Balance @ 11/15/24 413,268,558.49
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-2a
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-2b
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 @ 10/15/24 285,745,196.74
Principal Paid 18,086,638.25
Note Balance @ 11/15/24 267,658,558.49
Note Factor @ 11/15/24 87.2249751 %
Class A-4
Note Balance @ 10/15/24 99,620,000.00
Principal Paid 0.00
Note Balance @ 11/15/24 99,620,000.00
Note Factor @ 11/15/24 100.0000000 %
Class B
Note Balance @ 10/15/24 30,630,000.00
Principal Paid 0.00
Note Balance @ 11/15/24 30,630,000.00
Note Factor @ 11/15/24 100.0000000 %
Class C
Note Balance @ 10/15/24 15,360,000.00
Principal Paid 0.00
Note Balance @ 11/15/24 15,360,000.00
Note Factor @ 11/15/24 100.0000000 %
Interest & Principal Payments $ Amount
Total Interest Paid 1,809,053.79
Total Principal Paid 18,086,638.25
Total Paid 19,895,692.04
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 0.00
Principal Paid 0.00
Total Paid to A-2a Holders 0.00
Class A-2b
One-Month SOFR 5.00981 %
Coupon 5.85981 %
Interest Paid 0.00
Principal Paid 0.00
Total Paid to A-2b Holders 0.00
Class A-3
Coupon 5.61000 %
Interest Paid 1,335,858.79
Principal Paid 18,086,638.25
Total Paid to A-3 Holders 19,422,497.04
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 1.7713419
Total Interest Carryover Shortfall 0.0000000
Total Principal Distribution Amount 17.7096008
Total Distribution Amount 19.4809427
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 0.0000000
A-2a Interest Carryover Shortfall 0.0000000
A-2a Principal Distribution Amount 0.0000000
Total A-2a Distribution Amount 0.0000000
A-2b Interest Distribution Amount 0.0000000
A-2b Interest Carryover Shortfall 0.0000000
A-2b Principal Distribution Amount 0.0000000
Total A-2b Distribution Amount 0.0000000
A-3 Interest Distribution Amount 4.3533168
A-3 Interest Carryover Shortfall 0.0000000
A-3 Principal Distribution Amount 58.9410097
Total A-3 Distribution Amount 63.2943265
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 717.67
Noteholders' Principal Distributable Amount 282.33
Account Balances $ Amount
Reserve Account
Balance as of 10/15/24 5,106,453.81
Investment Earnings 20,669.03
Investment Earnings Paid (20,669.03 )
Deposit/(Withdrawal) -
Balance as of 11/15/24 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 $ 4,692,682.53 $ 2,810,707.01 $ 3,575,955.87
Number of Extensions 178 109 128
Ratio of extensions to Beginning of Period Receivables Balance 0.99 % 0.57 % 0.69 %