Exhibit 99.1
World Omni Auto Receivables Trust 2021-D
Monthly Servicer Certificate
October 31, 2022
Dates Covered | ||||||||||||
Collections Period | 10/01/22 - 10/31/22 | |||||||||||
Interest Accrual Period | 10/17/22 - 11/14/22 | |||||||||||
30/360 Days | 30 | |||||||||||
Actual/360 Days | 29 | |||||||||||
Distribution Date | 11/15/22 | |||||||||||
Collateral Pool Balance Data | $ Amount | # of Accounts | ||||||||||
Pool Balance at 09/30/22 | 753,487,255.60 | 32,822 | ||||||||||
Yield Supplement Overcollateralization Amount 09/30/22 | 17,800,673.31 | 0 | ||||||||||
Receivables Balance 09/30/22 | 771,287,928.91 | 32,822 | ||||||||||
Principal Payments | 25,714,963.31 | 447 | ||||||||||
Defaulted Receivables | 1,026,379.95 | 38 | ||||||||||
Repurchased Accounts | 0.00 | 0 | ||||||||||
Yield Supplement Overcollateralization Amount at 10/31/22 | 16,859,901.58 | 0 | ||||||||||
Pool Balance at 10/31/22 | 727,686,684.07 | 32,337 | ||||||||||
Pool Statistics | $ Amount | # of Accounts | ||||||||||
Pool Factor | 62.88 | % | ||||||||||
Prepayment ABS Speed | 1.30 | % | ||||||||||
Aggregate Starting Principal Balance | 1,183,996,579.97 | 40,585 | ||||||||||
Delinquent Receivables: | ||||||||||||
Past Due 31-60 days | 8,729,812.04 | 322 | ||||||||||
Past Due 61-90 days | 2,374,811.03 | 85 | ||||||||||
Past Due 91-120 days | 554,882.79 | 21 | ||||||||||
Past Due 121+ days | 0.00 | 0 | ||||||||||
Total | 11,659,505.86 | 428 | ||||||||||
Total 31+ Delinquent as % Aggregate Ending Principal Balance | 1.57 | % | ||||||||||
Total 61+ Delinquent as % Aggregate Ending Principal Balance | 0.39 | % | ||||||||||
Delinquency Trigger Occurred | NO | |||||||||||
Recoveries | 758,690.94 | |||||||||||
Aggregate Net Losses/(Gains) - October 2022 | 267,689.01 | |||||||||||
Ratio of Net Loss/(Gain) to the Receivables Balance as of beginning of Collection Period (Annualized): | ||||||||||||
Current Net Losses/(Gains) Ratio | 0.42 | % | ||||||||||
Prior Net Losses/(Gains) Ratio | 0.32 | % | ||||||||||
Second Prior Net Losses/(Gains) Ratio | 0.47 | % | ||||||||||
Third Prior Net Losses/(Gains) Ratio | 0.24 | % | ||||||||||
Four Month Average | 0.36 | % | ||||||||||
Cumulative Net Loss as a % of Aggregate Starting Principal Balance | 0.19 | % | ||||||||||
Overcollateralization Target Amount | 8,368,396.87 | |||||||||||
Actual Overcollateralization | 8,368,396.87 | |||||||||||
Weighted Average Contract Rate | 3.87 | % | ||||||||||
Weighted Average Contract Rate, Yield Adjusted | 5.17 | % | ||||||||||
Weighted Average Remaining Term | 50.17 | |||||||||||
Flow of Funds | $ Amount | |||||||||||
Collections | 28,918,645.54 | |||||||||||
Investment Earnings on Cash Accounts | 9,137.35 | |||||||||||
Servicing Fee | (642,739.94 | ) | ||||||||||
Transfer to Collection Account | - | |||||||||||
Available Funds | 28,285,042.95 | |||||||||||
Distributions of Available Funds | ||||||||||||
(1) Asset Representation Reviewer Amounts (up to $150,000 per year) | - | |||||||||||
(2) Class A Interest | 426,634.80 | |||||||||||
(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 | 17,135,468.09 | |||||||||||
(8) Required Reserve Account | - | |||||||||||
(9) Noteholders' Principal Distributable Amount | 8,368,396.87 | |||||||||||
(10) Asset Representation Reviewer Amounts (in excess of 1) | - | |||||||||||
(11) Distribution to Certificateholders | 2,286,051.52 | |||||||||||
Total Distributions of Available Funds | 28,285,042.95 | |||||||||||
Servicing Fee | 642,739.94 | |||||||||||
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 @ 10/17/22 | 744,822,152.16 | |||||||||||
Principal Paid | 25,503,864.96 | |||||||||||
Note Balance @ 11/15/22 | 719,318,287.20 | |||||||||||
Class A-1 | ||||||||||||
Note Balance @ 10/17/22 | 0.00 | |||||||||||
Principal Paid | 0.00 | |||||||||||
Note Balance @ 11/15/22 | 0.00 | |||||||||||
Note Factor @ 11/15/22 | 0.0000000 | % | ||||||||||
Class A-2 | ||||||||||||
Note Balance @ 10/17/22 | 184,022,152.16 | |||||||||||
Principal Paid | 25,503,864.96 | |||||||||||
Note Balance @ 11/15/22 | 158,518,287.20 | |||||||||||
Note Factor @ 11/15/22 | 40.9185047 | % | ||||||||||
Class A-3 | ||||||||||||
Note Balance @ 10/17/22 | 387,400,000.00 | |||||||||||
Principal Paid | 0.00 | |||||||||||
Note Balance @ 11/15/22 | 387,400,000.00 | |||||||||||
Note Factor @ 11/15/22 | 100.0000000 | % | ||||||||||
Class A-4 | ||||||||||||
Note Balance @ 10/17/22 | 121,600,000.00 | |||||||||||
Principal Paid | 0.00 | |||||||||||
Note Balance @ 11/15/22 | 121,600,000.00 | |||||||||||
Note Factor @ 11/15/22 | 100.0000000 | % | ||||||||||
Class B | ||||||||||||
Note Balance @ 10/17/22 | 34,530,000.00 | |||||||||||
Principal Paid | 0.00 | |||||||||||
Note Balance @ 11/15/22 | 34,530,000.00 | |||||||||||
Note Factor @ 11/15/22 | 100.0000000 | % | ||||||||||
Class C | ||||||||||||
Note Balance @ 10/17/22 | 17,270,000.00 | |||||||||||
Principal Paid | 0.00 | |||||||||||
Note Balance @ 11/15/22 | 17,270,000.00 | |||||||||||
Note Factor @ 11/15/22 | 100.0000000 | % | ||||||||||
Interest & Principal Payments | $ Amount | |||||||||||
Total Interest Paid | 495,126.47 | |||||||||||
Total Principal Paid | 25,503,864.96 | |||||||||||
Total Paid | 25,998,991.43 | |||||||||||
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 | 53,673.13 | |||||||||||
Principal Paid | 25,503,864.96 | |||||||||||
Total Paid to A-2 Holders | 25,557,538.09 | |||||||||||
Class A-3 | ||||||||||||
Coupon | 0.81000 | % | ||||||||||
Interest Paid | 261,495.00 | |||||||||||
Principal Paid | 0.00 | |||||||||||
Total Paid to A-3 Holders | 261,495.00 | |||||||||||
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 | 0.4312197 | |||||||||||
Total Interest Carryover Shortfall | 0.0000000 | |||||||||||
Total Principal Distribution Amount | 22.2120406 | |||||||||||
Total Distribution Amount | 22.6432603 | |||||||||||
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 | 0.1385471 | |||||||||||
A-2 Interest Carryover Shortfall | 0.0000000 | |||||||||||
A-2 Principal Distribution Amount | 65.8334150 | |||||||||||
Total A-2 Distribution Amount | 65.9719621 | |||||||||||
A-3 Interest Distribution Amount | 0.6750000 | |||||||||||
A-3 Interest Carryover Shortfall | 0.0000000 | |||||||||||
A-3 Principal Distribution Amount | 0.0000000 | |||||||||||
Total A-3 Distribution Amount | 0.6750000 | |||||||||||
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 | 671.88 | |||||||||||
Noteholders' Principal Distributable Amount | 328.12 | |||||||||||
Account Balances | $ Amount | |||||||||||
Reserve Account | ||||||||||||
Balance as of 10/17/22 | 2,877,704.48 | |||||||||||
Investment Earnings | 6,882.91 | |||||||||||
Investment Earnings Paid | (6,882.91 | ) | ||||||||||
Deposit/(Withdrawal) | - | |||||||||||
Balance as of 11/15/22 | 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 | $ | 8,399,625.31 | $ | 4,842,410.90 | $ | 6,166,343.04 | ||||||
Number of Extensions | 296 | 165 | 214 | |||||||||
Ratio of extensions to Beginning of Period Receivables Balance | 1.09 | % | 0.61 | % | 0.74 | % |