World Omni Auto Receivables Trust 2022-D

12/27/2024 | Press release | Distributed by Public on 12/27/2024 06:09

Asset Backed Issuer Distribution Report (Form 10 D)

World Omni Auto Receivables Trust 2022-D
Monthly Servicer Certificate

November 30, 2024

Dates Covered
Collections Period 11/01/24 - 11/30/24
Interest Accrual Period 11/15/24 - 12/15/24
30/360 Days 30
Actual/360 Days 31
Distribution Date 12/16/24
Collateral Pool Balance Data $ Amount # of Accounts
Pool Balance at 10/31/24 418,375,012.30 22,642
Yield Supplement Overcollateralization Amount 10/31/24 36,487,861.05 0
Receivables Balance 10/31/24 454,862,873.35 22,642
Principal Payments 17,253,746.39 436
Defaulted Receivables 466,463.33 24
Repurchased Accounts 0.00 0
Yield Supplement Overcollateralization Amount at 11/30/24 34,436,607.62 0
Pool Balance at 11/30/24 402,706,056.01 22,182
Pool Statistics $ Amount # of Accounts
Pool Factor 37.79 %
Prepayment ABS Speed 1.14 %
Aggregate Starting Principal Balance 1,156,658,989.82 50,043
Delinquent Receivables:
Past Due 31-60 days 7,781,276.26 302
Past Due 61-90 days 2,837,204.55 105
Past Due 91-120 days 333,910.78 16
Past Due 121+ days 0.00 0
Total 10,952,391.59 423
Total 31+ Delinquent as % Aggregate Ending Principal Balance 2.51 %
Total 61+ Delinquent as % Aggregate Ending Principal Balance 0.73 %
Delinquency Trigger Occurred NO
Recoveries 262,032.57
Aggregate Net Losses/(Gains) - November 2024 204,430.76
Ratio of Net Loss/(Gain) to the Receivables Balance as of beginning of Collection Period (Annualized):
Current Net Losses/(Gains) Ratio 0.54 %
Prior Net Losses/(Gains) Ratio 1.12 %
Second Prior Net Losses/(Gains) Ratio 0.18 %
Third Prior Net Losses/(Gains) Ratio 0.36 %
Four Month Average 0.55 %
Cumulative Net Loss as a % of Aggregate Starting Principal Balance 0.62 %
Overcollateralization Target Amount 5,106,453.81
Actual Overcollateralization 5,106,453.81
Weighted Average Contract Rate 5.15 %
Weighted Average Contract Rate, Yield Adjusted 10.20 %
Weighted Average Remaining Term 41.81
Flow of Funds $ Amount
Collections 19,424,054.39
Investment Earnings on Cash Accounts 24,662.80
Servicing Fee (379,052.39 )
Transfer to Collection Account -
Available Funds 19,069,664.80
Distributions of Available Funds
(1) Asset Representation Reviewer Amounts (up to $150,000 per year) -
(2) Class A Interest 1,724,498.76
(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 10,562,502.48
(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 1,676,209.75
Total Distributions of Available Funds 19,069,664.80
Servicing Fee 379,052.39
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 @ 11/15/24 413,268,558.49
Principal Paid 15,668,956.29
Note Balance @ 12/16/24 397,599,602.20
Class A-1
Note Balance @ 11/15/24 0.00
Principal Paid 0.00
Note Balance @ 12/16/24 0.00
Note Factor @ 12/16/24 0.0000000 %
Class A-2a
Note Balance @ 11/15/24 0.00
Principal Paid 0.00
Note Balance @ 12/16/24 0.00
Note Factor @ 12/16/24 0.0000000 %
Class A-2b
Note Balance @ 11/15/24 0.00
Principal Paid 0.00
Note Balance @ 12/16/24 0.00
Note Factor @ 12/16/24 0.0000000 %
Class A-3
Note Balance @ 11/15/24 267,658,558.49
Principal Paid 15,668,956.29
Note Balance @ 12/16/24 251,989,602.20
Note Factor @ 12/16/24 82.1187519 %
Class A-4
Note Balance @ 11/15/24 99,620,000.00
Principal Paid 0.00
Note Balance @ 12/16/24 99,620,000.00
Note Factor @ 12/16/24 100.0000000 %
Class B
Note Balance @ 11/15/24 30,630,000.00
Principal Paid 0.00
Note Balance @ 12/16/24 30,630,000.00
Note Factor @ 12/16/24 100.0000000 %
Class C
Note Balance @ 11/15/24 15,360,000.00
Principal Paid 0.00
Note Balance @ 12/16/24 15,360,000.00
Note Factor @ 12/16/24 100.0000000 %
Interest & Principal Payments $ Amount
Total Interest Paid 1,724,498.76
Total Principal Paid 15,668,956.29
Total Paid 17,393,455.05
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 4.80563 %
Coupon 5.65563 %
Interest Paid 0.00
Principal Paid 0.00
Total Paid to A-2b Holders 0.00
Class A-3
Coupon 5.61000 %
Interest Paid 1,251,303.76
Principal Paid 15,668,956.29
Total Paid to A-3 Holders 16,920,260.05
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 1.6885495
Total Interest Carryover Shortfall 0.0000000
Total Principal Distribution Amount 15.3423183
Total Distribution Amount 17.0308678
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 4.0777676
A-3 Interest Carryover Shortfall 0.0000000
A-3 Principal Distribution Amount 51.0622313
Total A-3 Distribution Amount 55.1399989
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 674.10
Noteholders' Principal Distributable Amount 325.90
Account Balances $ Amount
Reserve Account
Balance as of 11/15/24 5,106,453.81
Investment Earnings 19,199.79
Investment Earnings Paid (19,199.79 )
Deposit/(Withdrawal) -
Balance as of 12/16/24 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 $ 3,333,260.41 $ 4,692,682.53 $ 2,810,707.01
Number of Extensions 124 178 109
Ratio of extensions to Beginning of Period Receivables Balance 0.73 % 0.99 % 0.57 %