Exhibit 99.1

 

World Omni Auto Receivables Trust 2022-B            
Monthly Servicer Certificate            
May 31, 2025            
             
Dates Covered            
Collections Period   05/01/25 - 05/31/25           
Interest Accrual Period   05/15/25 - 06/15/25           
30/360 Days   30           
Actual/360 Days   32           
Distribution Date   06/16/25           
                
Collateral Pool Balance Data   $ Amount    # of Accounts      
Pool Balance at 04/30/25   221,439,518.59    15,876      
Yield Supplement Overcollateralization Amount 04/30/25   10,766,608.75    0      
Receivables Balance 04/30/25   232,206,127.34    15,876      
Principal Payments   12,139,889.61    345      
Defaulted Receivables   361,391.41    17      
Repurchased Accounts   0.00    0      
Yield Supplement Overcollateralization Amount at 05/31/25   9,913,931.98    0      
Pool Balance at 05/31/25   209,790,914.34    15,514      
                
Pool Statistics   $ Amount    # of Accounts      
Pool Factor   20.27%          
Prepayment ABS Speed   1.18%          
Aggregate Starting Principal Balance   1,083,969,917.66    44,920      
                
Delinquent Receivables:               
Past Due 31-60 days   5,360,453.94    281      
Past Due 61-90 days   1,367,764.03    76      
Past Due 91-120 days   278,075.88    17      
Past Due 121+ days   0.00    0      
 Total   7,006,293.85    374      
                
Total 31+ Delinquent as % Aggregate Ending Principal Balance   3.19%          
Total 61+ Delinquent as % Aggregate Ending Principal Balance   0.75%          
Delinquency Trigger Occurred   NO           
                
Recoveries   359,351.09           
Aggregate Net Losses/(Gains) - May 2025   2,040.32           
Ratio of Net Loss/(Gain) to the Receivables Balance as of beginning of Collection Period (Annualized):           
Current Net Losses/(Gains) Ratio   0.01%          
Prior Net Losses/(Gains) Ratio   -0.62%          
Second Prior Net Losses/(Gains) Ratio   0.64%          
Third Prior Net Losses/(Gains) Ratio   -0.45%          
Four Month Average   -0.11%          
                
Cumulative Net Loss as a % of Aggregate Starting Principal Balance   0.56%          
                
Overcollateralization Target Amount   4,915,858.40           
Actual Overcollateralization   4,915,858.40           
Weighted Average Contract Rate   4.63%          
Weighted Average Contract Rate, Yield Adjusted   8.37%          
Weighted Average Remaining Term   31.06           
                
Flow of Funds   $ Amount           
Collections   13,386,218.16           
Investment Earnings on Cash Accounts   19,346.93           
Servicing Fee   (193,505.11)          
Transfer to Collection Account   -           
Available Funds   13,212,059.98           
                
Distributions of Available Funds               
    (1)  Asset Representation Reviewer Amounts (up to $150,000 per year)   -           
    (2)  Class A Interest   480,811.83           
    (3)  Noteholders' First Priority Principal Distributable Amount   -           
    (4)  Class B Interest   87,516.67           
    (5)  Noteholders' Second Priority Principal Distributable Amount   -           
    (6)  Class C Interest   44,987.50           
    (7)  Noteholders' Third Priority Principal Distributable Amount   6,732,745.85           
    (8)  Required Reserve Account   -           
    (9)  Noteholders' Principal Distributable Amount   4,915,858.40           
   (10)  Asset Representation Reviewer Amounts (in excess of 1)   -           
   (11)  Distribution to Certificateholders   950,139.73           
                
Total Distributions of Available Funds   13,212,059.98           
                
Servicing Fee   193,505.11           
Unpaid Servicing Fee   -           
Change in amount of the unpaid servicing fee from the prior period   -           

 

 

 

 

Note Balances & Note Factors   $ Amount           
Original Class A   938,920,000.00           
Original Class B   29,500,000.00           
Original Class C   14,750,000.00           
                
Total Class A, B, & C               
Note Balance @ 05/15/25   216,523,660.19           
Principal Paid   11,648,604.25           
Note Balance @ 06/16/25   204,875,055.94           
                
Class A-1               
Note Balance @ 05/15/25   0.00           
Principal Paid   0.00           
Note Balance @ 06/16/25   0.00           
Note Factor @ 06/16/25   0.0000000%          
                
Class A-2a               
Note Balance @ 05/15/25   0.00           
Principal Paid   0.00           
Note Balance @ 06/16/25   0.00           
Note Factor @ 06/16/25   0.0000000%          
                
Class A-2b               
Note Balance @ 05/15/25   0.00           
Principal Paid   0.00           
Note Balance @ 06/16/25   0.00           
Note Factor @ 06/16/25   0.0000000%          
                
Class A-3               
Note Balance @ 05/15/25   82,353,660.19           
Principal Paid   11,648,604.25           
Note Balance @ 06/16/25   70,705,055.94           
Note Factor @ 06/16/25   26.5808481%          
                
Class A-4               
Note Balance @ 05/15/25   89,920,000.00           
Principal Paid   0.00           
Note Balance @ 06/16/25   89,920,000.00           
Note Factor @ 06/16/25   100.0000000%          
                
Class B               
Note Balance @ 05/15/25   29,500,000.00           
Principal Paid   0.00           
Note Balance @ 06/16/25   29,500,000.00           
Note Factor @ 06/16/25   100.0000000%          
                
Class C               
Note Balance @ 05/15/25   14,750,000.00           
Principal Paid   0.00           
Note Balance @ 06/16/25   14,750,000.00           
Note Factor @ 06/16/25   100.0000000%          
                
Interest & Principal Payments   $ Amount           
Total Interest Paid   613,316.00           
Total Principal Paid   11,648,604.25           
Total Paid   12,261,920.25           
                
Class A-1               
Coupon   1.54800%          
Interest Paid   0.00           
Principal Paid   0.00           
Total Paid to A-1 Holders   0.00           
                
Class A-2a               
Coupon   2.77000%          
Interest Paid   0.00           
Principal Paid   0.00           
Total Paid to A-2a Holders   0.00           
                
Class A-2b               
One-Month SOFR   4.33228%          
Coupon   4.90228%          
Interest Paid   0.00           
Principal Paid   0.00           
Total Paid to A-2b Holders   0.00           
                
Class A-3               
Coupon   3.25000%          
Interest Paid   223,041.16           
Principal Paid   11,648,604.25           
Total Paid to A-3 Holders   11,871,645.41           
                
Class A-4               
Coupon   3.44000%          
Interest Paid   257,770.67           
Principal Paid   0.00           
Total Paid to A-4 Holders   257,770.67           
                
Class B               
Coupon   3.56000%          
Interest Paid   87,516.67           
Principal Paid   0.00           
Total Paid to B Holders   87,516.67           
                
Class C               
Coupon   3.66000%          
Interest Paid   44,987.50           
Principal Paid   0.00           
Total Paid to C Holders   44,987.50           

 

 

 

 

Distribution per $1,000 of Notes   Total            
Total Interest Distribution Amount   0.6238148           
Total Interest Carryover Shortfall   0.0000000           
Total Principal Distribution Amount   11.8480062           
Total Distribution Amount   12.4718210           
                
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   0.8385006           
A-3 Interest Carryover Shortfall   0.0000000           
A-3 Principal Distribution Amount   43.7917453           
Total A-3 Distribution Amount   44.6302459           
                
A-4 Interest Distribution Amount   2.8666667           
A-4 Interest Carryover Shortfall   0.0000000           
A-4 Principal Distribution Amount   0.0000000           
Total A-4 Distribution Amount   2.8666667           
                
B Interest Distribution Amount   2.9666668           
B Interest Carryover Shortfall   0.0000000           
B Principal Distribution Amount   0.0000000           
Total B Distribution Amount   2.9666668           
                
C Interest Distribution Amount   3.0500000           
C Interest Carryover Shortfall   0.0000000           
C Principal Distribution Amount   0.0000000           
Total C Distribution Amount   3.0500000           
                
Noteholders' First Priority Principal Distributable Amount   0.00           
Noteholders' Second Priority Principal Distributable Amount   0.00           
Noteholders' Third Priority Principal Distributable Amount   577.99           
Noteholders' Principal Distributable Amount   422.01           
                
Account Balances   $ Amount           
Reserve Account               
Balance as of 05/15/25   4,915,858.40           
Investment Earnings   17,751.51           
Investment Earnings Paid   (17,751.51)          
Deposit/(Withdrawal)   -           
Balance as of 06/16/25   4,915,858.40           
Change   -           
                
Required Reserve Amount   4,915,858.40           
                
Other Servicing Information   Current Month    Prior Month    Two Months Prior 
Principal Balance of Receivables extended during the Collection Period  $1,428,175.52   $1,784,470.18    1,244,974.40 
Number of Extensions   79    90    62 
Ratio of extensions to Beginning of Period Receivables Balance   0.62%   0.73%   0.48%