World Omni Auto Receivables Trust 2022-D

04/29/2024 | Press release | Distributed by Public on 04/29/2024 05:20

Asset-Backed Issuer Distribution Report - Form 10-D

World Omni Auto Receivables Trust 2022-D
Monthly Servicer Certificate
March 31, 2024
Dates Covered
Collections Period 03/01/24 - 03/31/24
Interest Accrual Period 03/15/24 - 04/14/24
30/360 Days 30
Actual/360 Days 31
Distribution Date 04/15/24
Collateral Pool Balance Data $ Amount # of Accounts
Pool Balance at 02/29/24 570,176,253.42 29,941
Yield Supplement Overcollateralization Amount 02/29/24 60,649,451.89 0
Receivables Balance 02/29/24 630,825,705.31 29,941
Principal Payments 23,325,742.40 1,357
Defaulted Receivables 941,898.29 35
Repurchased Accounts 0.00 0
Yield Supplement Overcollateralization Amount at 03/31/24 57,509,297.95 0
Pool Balance at 03/31/24 549,048,766.67 28,549
Pool Statistics $ Amount # of Accounts
Pool Factor 52.44 %
Prepayment ABS Speed 1.38 %
Aggregate Starting Principal Balance 1,156,658,989.82 50,043
Delinquent Receivables:
Past Due 31-60 days 8,058,865.30 321
Past Due 61-90 days 2,431,969.92 95
Past Due 91-120 days 453,777.45 20
Past Due 121+ days 0.00 0
Total 10,944,612.67 436
Total 31+ Delinquent as % Aggregate Ending Principal Balance 1.80 %
Total 61+ Delinquent as % Aggregate Ending Principal Balance 0.48 %
Delinquency Trigger Occurred NO
Recoveries 559,637.46
Aggregate Net Losses/(Gains) - March 2024 382,260.83
Ratio of Net Loss/(Gain) to the Receivables Balance as of beginning of Collection Period (Annualized):
Current Net Losses/(Gains) Ratio 0.73 %
Prior Net Losses/(Gains) Ratio 1.02 %
Second Prior Net Losses/(Gains) Ratio 0.72 %
Third Prior Net Losses/(Gains) Ratio 0.61 %
Four Month Average 0.77 %
Cumulative Net Loss as a % of Aggregate Starting Principal Balance 0.45 %
Overcollateralization Target Amount 5,106,453.81
Actual Overcollateralization 5,106,453.81
Weighted Average Contract Rate 5.09 %
Weighted Average Contract Rate, Yield Adjusted 10.45 %
Weighted Average Remaining Term 48.50
Flow of Funds $ Amount
Collections 26,367,890.69
Investment Earnings on Cash Accounts 26,388.56
Servicing Fee (525,688.09 )
Transfer to Collection Account -
Available Funds 25,868,591.16
Distributions of Available Funds
(1) Asset Representation Reviewer Amounts (up to $150,000 per year) -
(2) Class A Interest 2,453,072.33
(3) Noteholders' First Priority Principal Distributable Amount -
(4) Class B Interest -
(5) Noteholders' Second Priority Principal Distributable Amount 635,900.47
(6) Class C Interest -
(7) Noteholders' Third Priority Principal Distributable Amount 15,360,000.00
(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 2,313,164.55
Total Distributions of Available Funds 25,868,591.16
Servicing Fee 525,688.09
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 @ 03/15/24 565,044,667.14
Principal Paid 21,102,354.28
Note Balance @ 04/15/24 543,942,312.86
Class A-1
Note Balance @ 03/15/24 0.00
Principal Paid 0.00
Note Balance @ 04/15/24 0.00
Note Factor @ 04/15/24 0.0000000 %
Class A-2a
Note Balance @ 03/15/24 73,140,093.12
Principal Paid 13,710,261.79
Note Balance @ 04/15/24 59,429,831.33
Note Factor @ 04/15/24 25.6339852 %
Class A-2b
Note Balance @ 03/15/24 39,434,574.02
Principal Paid 7,392,092.49
Note Balance @ 04/15/24 32,042,481.53
Note Factor @ 04/15/24 25.6339852 %
Class A-3
Note Balance @ 03/15/24 306,860,000.00
Principal Paid 0.00
Note Balance @ 04/15/24 306,860,000.00
Note Factor @ 04/15/24 100.0000000 %
Class A-4
Note Balance @ 03/15/24 99,620,000.00
Principal Paid 0.00
Note Balance @ 04/15/24 99,620,000.00
Note Factor @ 04/15/24 100.0000000 %
Class B
Note Balance @ 03/15/24 30,630,000.00
Principal Paid 0.00
Note Balance @ 04/15/24 30,630,000.00
Note Factor @ 04/15/24 100.0000000 %
Class C
Note Balance @ 03/15/24 15,360,000.00
Principal Paid 0.00
Note Balance @ 04/15/24 15,360,000.00
Note Factor @ 04/15/24 100.0000000 %
Interest & Principal Payments $ Amount
Total Interest Paid 2,453,072.33
Total Principal Paid 21,102,354.28
Total Paid 23,555,426.61
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 335,834.93
Principal Paid 13,710,261.79
Total Paid to A-2a Holders 14,046,096.72
Class A-2b
One-Month SOFR 5.31864 %
Coupon 6.16864 %
Interest Paid 209,471.90
Principal Paid 7,392,092.49
Total Paid to A-2b Holders 7,601,564.39
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 2.4019351
Total Interest Carryover Shortfall 0.0000000
Total Principal Distribution Amount 20.6624507
Total Distribution Amount 23.0643858
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 1.4485634
A-2a Interest Carryover Shortfall 0.0000000
A-2a Principal Distribution Amount 59.1367399
Total A-2a Distribution Amount 60.5853033
A-2b Interest Distribution Amount 1.6757752
A-2b Interest Carryover Shortfall 0.0000000
A-2b Principal Distribution Amount 59.1367399
Total A-2b Distribution Amount 60.8125151
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 30.13
Noteholders' Third Priority Principal Distributable Amount 727.88
Noteholders' Principal Distributable Amount 241.99
Account Balances $ Amount
Reserve Account
Balance as of 03/15/24 5,106,453.81
Investment Earnings 22,630.72
Investment Earnings Paid (22,630.72 )
Deposit/(Withdrawal) -
Balance as of 04/15/24 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 $ 3,517,806.89 $ 3,285,033.33 $ 4,489,387.44
Number of Extensions 122 112 151
Ratio of extensions to Beginning of Period Receivables Balance 0.56 % 0.50 % 0.66 %