Exhibit 99.1

 

World Omni Auto Receivables Trust 2021-C      
Monthly Servicer Certificate      
June 30, 2025      

 

Dates Covered            
Collections Period   06/01/25 - 06/30/25           
Interest Accrual Period   06/16/25 - 07/14/25           
30/360 Days   30           
Actual/360 Days   29           
Distribution Date   07/15/25           
                
Collateral Pool Balance Data   $ Amount    # of Accounts      
Pool Balance at 05/31/25   138,771,978.22    15,078      
Yield Supplement Overcollateralization Amount 05/31/25   998,520.90    0      
Receivables Balance 05/31/25   139,770,499.12    15,078      
Principal Payments   9,075,373.14    296      
Defaulted Receivables   150,218.79    10      
Repurchased Accounts   0.00    0      
Yield Supplement Overcollateralization Amount at 06/30/25   881,372.67    0      
Pool Balance at 06/30/25   129,663,534.52    14,772      
                
Pool Statistics   $ Amount    # of Accounts      
Pool Factor   10.85%          
Prepayment ABS Speed   1.01%          
Aggregate Starting Principal Balance   1,202,898,752.29    49,569      
                
Delinquent Receivables:               
Past Due 31-60 days   3,993,252.71    292      
Past Due 61-90 days   990,921.17    70      
Past Due 91-120 days   33,914.10    2      
Past Due 121+ days   0.00    0      
 Total   5,018,087.98    364      
                
Total 31+ Delinquent as % Aggregate Ending Principal Balance   3.84%          
Total 61+ Delinquent as % Aggregate Ending Principal Balance   0.79%          
Delinquency Trigger Occurred   NO           
                
Recoveries   104,166.02           
Aggregate Net Losses/(Gains) - June 2025   46,052.77           
Ratio of Net Loss/(Gain) to the Receivables Balance as of beginning of Collection Period (Annualized):               
Current Net Losses/(Gains) Ratio   0.40%          
Prior Net Losses/(Gains) Ratio   0.44%          
Second Prior Net Losses/(Gains) Ratio   -0.29%          
Third Prior Net Losses Ratio/(Gains)   -0.63%          
Four Month Average   -0.02%          
                
Cumulative Net Loss as a % of Aggregate Starting Principal Balance   0.48%          
                
Overcollateralization Target Amount   5,849,148.06           
Actual Overcollateralization   5,849,148.06           
Weighted Average Contract Rate   4.36%          
Weighted Average Contract Rate, Yield Adjusted   5.28%          
Weighted Average Remaining Term   21.02           
                
Flow of Funds   $ Amount           
Collections   9,686,645.69           
Investment Earnings on Cash Accounts   15,327.15           
Servicing Fee   (116,475.42)          
Transfer to Collection Account   -           
Available Funds   9,585,497.42           
                
Distributions of Available Funds               
    (1)  Asset Representation Reviewer Amounts (up to $150,000 per year)   -           
    (2)  Class A Interest   42,817.51           
    (3)  Noteholders' First Priority Principal Distributable Amount   -           
    (4)  Class B Interest   24,563.00           
    (5)  Noteholders' Second Priority Principal Distributable Amount   -           
    (6)  Class C Interest   15,502.50           
    (7)  Noteholders' Third Priority Principal Distributable Amount   3,259,295.64           
    (8)  Required Reserve Account   -           
    (9)  Noteholders' Principal Distributable Amount   5,849,148.06           
   (10)  Asset Representation Reviewer Amounts (in excess of 1)   -           
   (11)  Distribution to Certificateholders   394,170.71           
                
Total Distributions of Available Funds   9,585,497.42           
                
Servicing Fee   116,475.42           
Unpaid Servicing Fee   -           
Change in amount of the unpaid servicing fee from the prior period   -           

 

 

 

 

Note Balances & Note Factors   $ Amount           
Original Class A   1,114,250,000.00           
Original Class B   35,090,000.00           
Original Class C   17,550,000.00           
                
Total Class A, B, & C               
Note Balance @ 06/16/25   132,922,830.16           
Principal Paid   9,108,443.70           
Note Balance @ 07/15/25   123,814,386.46           
                
Class A-1               
Note Balance @ 06/16/25   0.00           
Principal Paid   0.00           
Note Balance @ 07/15/25   0.00           
Note Factor @ 07/15/25   0.0000000%          
                
Class A-2               
Note Balance @ 06/16/25   0.00           
Principal Paid   0.00           
Note Balance @ 07/15/25   0.00           
Note Factor @ 07/15/25   0.0000000%          
                
Class A-3               
Note Balance @ 06/16/25   0.00           
Principal Paid   0.00           
Note Balance @ 07/15/25   0.00           
Note Factor @ 07/15/25   0.0000000%          
                
Class A-4               
Note Balance @ 06/16/25   80,282,830.16           
Principal Paid   9,108,443.70           
Note Balance @ 07/15/25   71,174,386.46           
Note Factor @ 07/15/25   71.0110610%          
                
Class B               
Note Balance @ 06/16/25   35,090,000.00           
Principal Paid   0.00           
Note Balance @ 07/15/25   35,090,000.00           
Note Factor @ 07/15/25   100.0000000%          
                
Class C               
Note Balance @ 06/16/25   17,550,000.00           
Principal Paid   0.00           
Note Balance @ 07/15/25   17,550,000.00           
Note Factor @ 07/15/25   100.0000000%          
                
Interest & Principal Payments   $ Amount           
Total Interest Paid   82,883.01           
Total Principal Paid   9,108,443.70           
Total Paid   9,191,326.71           
                
Class A-1               
Coupon   0.11273%          
Interest Paid   0.00           
Principal Paid   0.00           
Total Paid to A-1 Holders   0.00           
                
Class A-2               
Coupon   0.22000%          
Interest Paid   0.00           
Principal Paid   0.00           
Total Paid to A-2 Holders   0.00           
                
Class A-3               
Coupon   0.44000%          
Interest Paid   0.00           
Principal Paid   0.00           
Total Paid to A-3 Holders   0.00           
                
Class A-4               
Coupon   0.64000%          
Interest Paid   42,817.51           
Principal Paid   9,108,443.70           
Total Paid to A-4 Holders   9,151,261.21           
                
Class B               
Coupon   0.84000%          
Interest Paid   24,563.00           
Principal Paid   0.00           
Total Paid to B Holders   24,563.00           
                
Class C               
Coupon   1.06000%          
Interest Paid   15,502.50           
Principal Paid   0.00           
Total Paid to C Holders   15,502.50           

 

 

 

 

Distribution per $1,000 of Notes   Total           
Total Interest Distribution Amount   0.0710290           
Total Interest Carryover Shortfall   0.0000000           
Total Principal Distribution Amount   7.8057432           
Total Distribution Amount   7.8767722           
                
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   0.0000000           
A-2 Interest Carryover Shortfall   0.0000000           
A-2  Principal Distribution Amount   0.0000000           
Total A-2  Distribution Amount   0.0000000           
                
A-3 Interest Distribution Amount   0.0000000           
A-3 Interest Carryover Shortfall   0.0000000           
A-3 Principal Distribution Amount   0.0000000           
Total A-3 Distribution Amount   0.0000000           
                
A-4 Interest Distribution Amount   0.4271926           
A-4 Interest Carryover Shortfall   0.0000000           
A-4 Principal Distribution Amount   90.8754235           
Total A-4 Distribution Amount   91.3026161           
                
B Interest Distribution Amount   0.7000000           
B Interest Carryover Shortfall   0.0000000           
B Principal Distribution Amount   0.0000000           
Total B Distribution Amount   0.7000000           
                
C Interest Distribution Amount   0.8833333           
C Interest Carryover Shortfall   0.0000000           
C Principal Distribution Amount   0.0000000           
Total C Distribution Amount   0.8833333           
                
Noteholders' First Priority Principal Distributable Amount   0.00           
Noteholders' Second Priority Principal Distributable Amount   0.00           
Noteholders' Third Priority Principal Distributable Amount   357.83           
Noteholders' Principal Distributable Amount   642.17           
                
Account Balances   $ Amount           
Reserve Account               
Balance as of 06/16/25   2,924,574.03           
Investment Earnings   10,253.63           
Investment Earnings Paid   (10,253.63)          
Deposit/(Withdrawal)   -           
Balance as of 07/15/25   2,924,574.03           
Change   -           
                
Required Reserve Amount   2,924,574.03           
                
Other Servicing Information  Current Month   Prior Month   Two Months Prior 
Principal Balance of Receivables extended during the Collection Period  $994,751.92   $1,052,179.08   $944,857.07 
Number of Extensions   80    73    66 
Ratio of extensions to Beginning of Period Receivables Balance   0.71%   0.70%   0.59%