Exhibit 99.1
World Omni Auto Receivables Trust 2022-A |
Monthly Servicer Certificate |
August 31, 2025 |
Dates Covered | ||||||||||||
Collections Period | 08/01/25 - 08/31/25 | |||||||||||
Interest Accrual Period | 08/15/25 - 09/14/25 | |||||||||||
30/360 Days | 30 | |||||||||||
Actual/360 Days | 31 | |||||||||||
Distribution Date | 09/15/25 |
Collateral Pool Balance Data | $ Amount | # of Accounts | ||||||||||
Pool Balance at 07/31/25 | 151,687,632.69 | 13,446 | ||||||||||
Yield Supplement Overcollateralization Amount 07/31/25 | 2,024,349.93 | 0 | ||||||||||
Receivables Balance 07/31/25 | 153,711,982.62 | 13,446 | ||||||||||
Principal Payments | 8,965,325.73 | 474 | ||||||||||
Defaulted Receivables | 217,892.97 | 13 | ||||||||||
Repurchased Accounts | 0.00 | 0 | ||||||||||
Yield Supplement Overcollateralization Amount at 08/31/25 | 1,828,974.32 | 0 | ||||||||||
Pool Balance at 08/31/25 | 142,699,789.60 | 12,959 |
Pool Statistics | $ Amount | # of Accounts | ||||||||||
Pool Factor | 14.99 | % | ||||||||||
Prepayment ABS Speed | 1.08 | % | ||||||||||
Aggregate Starting Principal Balance | 964,210,703.53 | 37,826 | ||||||||||
Delinquent Receivables: | ||||||||||||
Past Due 31-60 days | 4,952,150.95 | 307 | ||||||||||
Past Due 61-90 days | 1,199,516.83 | 73 | ||||||||||
Past Due 91-120 days | 182,675.64 | 11 | ||||||||||
Past Due 121+ days | 0.00 | 0 | ||||||||||
Total | 6,334,343.42 | 391 | ||||||||||
Total 31+ Delinquent as % Aggregate Ending Principal Balance | 4.38 | % | ||||||||||
Total 61+ Delinquent as % Aggregate Ending Principal Balance | 0.96 | % | ||||||||||
Delinquency Trigger Occurred | NO | |||||||||||
Recoveries | 124,712.54 | |||||||||||
Aggregate Net Losses/(Gains) - August 2025 | 93,180.43 | |||||||||||
Ratio of Net Loss/(Gain) to the Receivables Balance as of beginning of Collection Period (Annualized): | ||||||||||||
Current Net Losses/(Gains) Ratio | 0.73 | % | ||||||||||
Prior Net Losses/(Gains) Ratio | -0.31 | % | ||||||||||
Second Prior Net Losses/(Gains) Ratio | -0.38 | % | ||||||||||
Third Prior Net Losses/(Gains) Ratio | -0.87 | % | ||||||||||
Four Month Average | -0.21 | % | ||||||||||
Cumulative Net Loss as a % of Aggregate Starting Principal Balance | 0.66 | % | ||||||||||
Overcollateralization Target Amount | 4,644,197.93 | |||||||||||
Actual Overcollateralization | 4,644,197.93 | |||||||||||
Weighted Average Contract Rate | 4.60 | % | ||||||||||
Weighted Average Contract Rate, Yield Adjusted | 5.94 | % | ||||||||||
Weighted Average Remaining Term | 24.86 |
Flow of Funds | $ Amount | |||||||||||
Collections | 9,680,063.93 | |||||||||||
Investment Earnings on Cash Accounts | 9,624.99 | |||||||||||
Servicing Fee | (128,093.32 | ) | ||||||||||
Transfer to Collection Account | - | |||||||||||
Available Funds | 9,561,595.60 | |||||||||||
Distributions of Available Funds | ||||||||||||
(1) Asset Representation Reviewer Amounts (up to $150,000 per year) | - | |||||||||||
(2) Class A Interest | 161,416.75 | |||||||||||
(3) Noteholders' First Priority Principal Distributable Amount | - | |||||||||||
(4) Class B Interest | 52,256.25 | |||||||||||
(5) Noteholders' Second Priority Principal Distributable Amount | - | |||||||||||
(6) Class C Interest | 29,601.25 | |||||||||||
(7) Noteholders' Third Priority Principal Distributable Amount | 4,343,645.16 | |||||||||||
(8) Required Reserve Account | - | |||||||||||
(9) Noteholders' Principal Distributable Amount | 4,644,197.93 | |||||||||||
(10) Asset Representation Reviewer Amounts (in excess of 1) | - | |||||||||||
(11) Distribution to Certificateholders | 330,478.26 | |||||||||||
Total Distributions of Available Funds | 9,561,595.60 | |||||||||||
Servicing Fee | 128,093.32 | |||||||||||
Unpaid Servicing Fee | - | |||||||||||
Change in amount of the unpaid servicing fee from the prior period | - |
Note Balances & Note Factors | $ Amount | |||||||||||
Original Class A | 884,710,000.00 | |||||||||||
Original Class B | 27,870,000.00 | |||||||||||
Original Class C | 13,930,000.00 | |||||||||||
Total Class A, B, & C | ||||||||||||
Note Balance @ 08/15/25 | 147,043,434.76 | |||||||||||
Principal Paid | 8,987,843.09 | |||||||||||
Note Balance @ 09/15/25 | 138,055,591.67 | |||||||||||
Class A-1 | ||||||||||||
Note Balance @ 08/15/25 | 0.00 | |||||||||||
Principal Paid | 0.00 | |||||||||||
Note Balance @ 09/15/25 | 0.00 | |||||||||||
Note Factor @ 09/15/25 | 0.0000000 | % | ||||||||||
Class A-2 | ||||||||||||
Note Balance @ 08/15/25 | 0.00 | |||||||||||
Principal Paid | 0.00 | |||||||||||
Note Balance @ 09/15/25 | 0.00 | |||||||||||
Note Factor @ 09/15/25 | 0.0000000 | % | ||||||||||
Class A-3 | ||||||||||||
Note Balance @ 08/15/25 | 26,093,434.76 | |||||||||||
Principal Paid | 8,987,843.09 | |||||||||||
Note Balance @ 09/15/25 | 17,105,591.67 | |||||||||||
Note Factor @ 09/15/25 | 5.5940845 | % | ||||||||||
Class A-4 | ||||||||||||
Note Balance @ 08/15/25 | 79,150,000.00 | |||||||||||
Principal Paid | 0.00 | |||||||||||
Note Balance @ 09/15/25 | 79,150,000.00 | |||||||||||
Note Factor @ 09/15/25 | 100.0000000 | % | ||||||||||
Class B | ||||||||||||
Note Balance @ 08/15/25 | 27,870,000.00 | |||||||||||
Principal Paid | 0.00 | |||||||||||
Note Balance @ 09/15/25 | 27,870,000.00 | |||||||||||
Note Factor @ 09/15/25 | 100.0000000 | % | ||||||||||
Class C | ||||||||||||
Note Balance @ 08/15/25 | 13,930,000.00 | |||||||||||
Principal Paid | 0.00 | |||||||||||
Note Balance @ 09/15/25 | 13,930,000.00 | |||||||||||
Note Factor @ 09/15/25 | 100.0000000 | % |
Interest & Principal Payments | $ Amount | |||||||||||
Total Interest Paid | 243,274.25 | |||||||||||
Total Principal Paid | 8,987,843.09 | |||||||||||
Total Paid | 9,231,117.34 | |||||||||||
Class A-1 | ||||||||||||
Coupon | 0.39629 | % | ||||||||||
Interest Paid | 0.00 | |||||||||||
Principal Paid | 0.00 | |||||||||||
Total Paid to A-1 Holders | 0.00 | |||||||||||
Class A-2 | ||||||||||||
Coupon | 1.15000 | % | ||||||||||
Interest Paid | 0.00 | |||||||||||
Principal Paid | 0.00 | |||||||||||
Total Paid to A-2 Holders | 0.00 | |||||||||||
Class A-3 | ||||||||||||
Coupon | 1.66000 | % | ||||||||||
Interest Paid | 36,095.92 | |||||||||||
Principal Paid | 8,987,843.09 | |||||||||||
Total Paid to A-3 Holders | 9,023,939.01 | |||||||||||
Class A-4 | ||||||||||||
Coupon | 1.90000 | % | ||||||||||
Interest Paid | 125,320.83 | |||||||||||
Principal Paid | 0.00 | |||||||||||
Total Paid to A-4 Holders | 125,320.83 | |||||||||||
Class B | ||||||||||||
Coupon | 2.25000 | % | ||||||||||
Interest Paid | 52,256.25 | |||||||||||
Principal Paid | 0.00 | |||||||||||
Total Paid to B Holders | 52,256.25 | |||||||||||
Class C | ||||||||||||
Coupon | 2.55000 | % | ||||||||||
Interest Paid | 29,601.25 | |||||||||||
Principal Paid | 0.00 | |||||||||||
Total Paid to C Holders | 29,601.25 |
Distribution per $1,000 of Notes | Total | |||||||||||
Total Interest Distribution Amount | 0.2625706 | |||||||||||
Total Interest Carryover Shortfall | 0.0000000 | |||||||||||
Total Principal Distribution Amount | 9.7007513 | |||||||||||
Total Distribution Amount | 9.9633219 | |||||||||||
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 | 0.1180454 | |||||||||||
A-3 Interest Carryover Shortfall | 0.0000000 | |||||||||||
A-3 Principal Distribution Amount | 29.3931686 | |||||||||||
Total A-3 Distribution Amount | 29.5112140 | |||||||||||
A-4 Interest Distribution Amount | 1.5833333 | |||||||||||
A-4 Interest Carryover Shortfall | 0.0000000 | |||||||||||
A-4 Principal Distribution Amount | 0.0000000 | |||||||||||
Total A-4 Distribution Amount | 1.5833333 | |||||||||||
B Interest Distribution Amount | 1.8750000 | |||||||||||
B Interest Carryover Shortfall | 0.0000000 | |||||||||||
B Principal Distribution Amount | 0.0000000 | |||||||||||
Total B Distribution Amount | 1.8750000 | |||||||||||
C Interest Distribution Amount | 2.1250000 | |||||||||||
C Interest Carryover Shortfall | 0.0000000 | |||||||||||
C Principal Distribution Amount | 0.0000000 | |||||||||||
Total C Distribution Amount | 2.1250000 | |||||||||||
Noteholders' First Priority Principal Distributable Amount | 0.00 | |||||||||||
Noteholders' Second Priority Principal Distributable Amount | 0.00 | |||||||||||
Noteholders' Third Priority Principal Distributable Amount | 483.28 | |||||||||||
Noteholders' Principal Distributable Amount | 516.72 | |||||||||||
Account Balances | $ Amount | |||||||||||
Reserve Account | ||||||||||||
Balance as of 08/15/25 | 2,322,098.97 | |||||||||||
Investment Earnings | 8,377.08 | |||||||||||
Investment Earnings Paid | (8,377.08 | ) | ||||||||||
Deposit/(Withdrawal) | - | |||||||||||
Balance as of 09/15/25 | 2,322,098.97 | |||||||||||
Change | - | |||||||||||
Required Reserve Amount | 2,322,098.97 | |||||||||||
Other Servicing Information | Current Month | Prior Month | Two Months Prior | |||||||||
Principal Balance of Receivables extended during the Collection Period | $ | 1,175,461.22 | $ | 1,158,008.24 | $ | 1,227,354.09 | ||||||
Number of Extensions | 74 | 74 | 74 | |||||||||
Ratio of extensions to Beginning of Period Receivables Balance | 0.76 | % | 0.71 | % | 0.71 | % |