World Omni Auto Receivables Trust 2022-D

07/29/2024 | Press release | Distributed by Public on 07/29/2024 05:09

Asset Backed Issuer Distribution Report Form 10 D

World Omni Auto Receivables Trust 2022-D
Monthly Servicer Certificate
June 30, 2024
Dates Covered
Collections Period 06/01/24 - 06/30/24
Interest Accrual Period 06/17/24 - 07/14/24
30/360 Days 30
Actual/360 Days 28
Distribution Date 07/15/24
Collateral Pool Balance Data $ Amount # of Accounts
Pool Balance at 05/31/24 507,522,089.99 26,120
Yield Supplement Overcollateralization Amount 05/31/24 51,288,803.45 0
Receivables Balance 05/31/24 558,810,893.44 26,120
Principal Payments 19,866,216.56 841
Defaulted Receivables 639,441.42 33
Repurchased Accounts 0.00 0
Yield Supplement Overcollateralization Amount at 06/30/24 48,622,701.38 0
Pool Balance at 06/30/24 489,682,534.08 25,246
Pool Statistics $ Amount # of Accounts
Pool Factor 46.54 %
Prepayment ABS Speed 1.20 %
Aggregate Starting Principal Balance 1,156,658,989.82 50,043
Delinquent Receivables:
Past Due 31-60 days 8,714,270.02 350
Past Due 61-90 days 2,706,173.66 95
Past Due 91-120 days 383,244.91 16
Past Due 121+ days 0.00 0
Total 11,803,688.59 461
Total 31+ Delinquent as % Aggregate Ending Principal Balance 2.19 %
Total 61+ Delinquent as % Aggregate Ending Principal Balance 0.57 %
Delinquency Trigger Occurred NO
Recoveries 274,501.40
Aggregate Net Losses/(Gains) - June 2024 364,940.02
Ratio of Net Loss/(Gain) to the Receivables Balance as of beginning of Collection Period (Annualized):
Current Net Losses/(Gains) Ratio 0.78 %
Prior Net Losses/(Gains) Ratio 0.34 %
Second Prior Net Losses/(Gains) Ratio 0.79 %
Third Prior Net Losses/(Gains) Ratio 0.73 %
Four Month Average 0.66 %
Cumulative Net Loss as a % of Aggregate Starting Principal Balance 0.53 %
Overcollateralization Target Amount 5,106,453.81
Actual Overcollateralization 5,106,453.81
Weighted Average Contract Rate 5.11 %
Weighted Average Contract Rate, Yield Adjusted 10.45 %
Weighted Average Remaining Term 46.09
Flow of Funds $ Amount
Collections 22,352,589.92
Investment Earnings on Cash Accounts 36,944.69
Servicing Fee (465,675.74 )
Transfer to Collection Account -
Available Funds 21,923,858.87
Distributions of Available Funds
(1) Asset Representation Reviewer Amounts (up to $150,000 per year) -
(2) Class A Interest 2,140,902.04
(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 12,733,102.10
(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 1,943,400.92
Total Distributions of Available Funds 21,923,858.87
Servicing Fee 465,675.74
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 @ 06/17/24 502,415,636.18
Principal Paid 17,839,555.91
Note Balance @ 07/15/24 484,576,080.27
Class A-1
Note Balance @ 06/17/24 0.00
Principal Paid 0.00
Note Balance @ 07/15/24 0.00
Note Factor @ 07/15/24 0.0000000 %
Class A-2a
Note Balance @ 06/17/24 32,449,827.06
Principal Paid 11,590,412.07
Note Balance @ 07/15/24 20,859,414.99
Note Factor @ 07/15/24 8.9973322 %
Class A-2b
Note Balance @ 06/17/24 17,495,809.12
Principal Paid 6,249,143.84
Note Balance @ 07/15/24 11,246,665.28
Note Factor @ 07/15/24 8.9973322 %
Class A-3
Note Balance @ 06/17/24 306,860,000.00
Principal Paid 0.00
Note Balance @ 07/15/24 306,860,000.00
Note Factor @ 07/15/24 100.0000000 %
Class A-4
Note Balance @ 06/17/24 99,620,000.00
Principal Paid 0.00
Note Balance @ 07/15/24 99,620,000.00
Note Factor @ 07/15/24 100.0000000 %
Class B
Note Balance @ 06/17/24 30,630,000.00
Principal Paid 0.00
Note Balance @ 07/15/24 30,630,000.00
Note Factor @ 07/15/24 100.0000000 %
Class C
Note Balance @ 06/17/24 15,360,000.00
Principal Paid 0.00
Note Balance @ 07/15/24 15,360,000.00
Note Factor @ 07/15/24 100.0000000 %
Interest & Principal Payments $ Amount
Total Interest Paid 2,140,902.04
Total Principal Paid 17,839,555.91
Total Paid 19,980,457.95
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 148,998.79
Principal Paid 11,590,412.07
Total Paid to A-2a Holders 11,739,410.86
Class A-2b
One-Month SOFR 5.33303 %
Coupon 6.18303 %
Interest Paid 84,137.75
Principal Paid 6,249,143.84
Total Paid to A-2b Holders 6,333,281.59
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 2.0962724
Total Interest Carryover Shortfall 0.0000000
Total Principal Distribution Amount 17.4676692
Total Distribution Amount 19.5639416
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 0.6426794
A-2a Interest Carryover Shortfall 0.0000000
A-2a Principal Distribution Amount 49.9931508
Total A-2a Distribution Amount 50.6358302
A-2b Interest Distribution Amount 0.6731020
A-2b Interest Carryover Shortfall 0.0000000
A-2b Principal Distribution Amount 49.9931507
Total A-2b Distribution Amount 50.6662527
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 713.76
Noteholders' Principal Distributable Amount 286.24
Account Balances $ Amount
Reserve Account
Balance as of 06/17/24 5,106,453.81
Investment Earnings 22,115.68
Investment Earnings Paid (22,115.68 )
Deposit/(Withdrawal) -
Balance as of 07/15/24 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 $ 3,464,744.84 $ 3,494,512.85 $ 3,282,391.72
Number of Extensions 117 124 119
Ratio of extensions to Beginning of Period Receivables Balance 0.62 % 0.60 % 0.54 %