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%