Exhibit 99.1

 

World Omni Auto Receivables Trust 2023-B     
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   339,833,798.50    20,040      
Yield Supplement Overcollateralization Amount 07/31/25   21,569,741.36    0      
Receivables Balance 07/31/25   361,403,539.86    20,040      
Principal Payments   17,133,121.07    493      
Defaulted Receivables   613,523.50    33      
Repurchased Accounts   0.00    0      
Yield Supplement Overcollateralization Amount at 08/31/25   20,035,275.01    0      
Pool Balance at 08/31/25   323,621,620.28    19,514      
                
Pool Statistics   $ Amount    # of Accounts      
Pool Factor   29.55%          
Prepayment ABS Speed   1.31%          
Aggregate Starting Principal Balance   1,162,826,061.02    44,579      
                
Delinquent Receivables:               
Past Due 31-60 days   6,583,287.09    257      
Past Due 61-90 days   2,556,929.04    96      
Past Due 91-120 days   399,609.30    18      
Past Due 121+ days   0.00    0      
 Total   9,539,825.43    371      
                
Total 31+ Delinquent as % Aggregate Ending Principal Balance   2.78%          
Total 61+ Delinquent as % Aggregate Ending Principal Balance   0.86%          
Delinquency Trigger Occurred   NO           
                
Recoveries   382,349.96           
Aggregate Net Losses/(Gains) - August 2025   231,173.54           
Ratio of Net Loss/(Gain) to the Receivables Balance as of beginning of Collection Period (Annualized):               
Current Net Losses/(Gains) Ratio   0.77%          
Prior Net Losses/(Gains) Ratio   0.06%          
Second Prior Net Losses/(Gains) Ratio   0.09%          
Third Prior Net Losses/(Gains) Ratio   0.25%          
Four Month Average   0.29%          
                
Cumulative Net Loss as a % of Aggregate Starting Principal Balance   0.63%          
                
Overcollateralization Target Amount   5,232,239.66           
Actual Overcollateralization   5,232,239.66           
Weighted Average Contract Rate   5.84%          
Weighted Average Contract Rate, Yield Adjusted   10.13%          
Weighted Average Remaining Term   36.59           
                
Flow of Funds   $ Amount           
Collections   19,257,181.84           
Investment Earnings on Cash Accounts   11,862.44           
Servicing Fee   (301,169.62)          
Transfer to Collection Account   -           
Available Funds   18,967,874.66           
                
Distributions of Available Funds               
    (1)  Asset Representation Reviewer Amounts (up to $150,000 per year)   -           
    (2)  Class A Interest   1,118,006.22           
    (3)  Noteholders' First Priority Principal Distributable Amount   -           
    (4)  Class B Interest   127,914.25           
    (5)  Noteholders' Second Priority Principal Distributable Amount   -           
    (6)  Class C Interest   67,288.50           
    (7)  Noteholders' Third Priority Principal Distributable Amount   10,979,938.56           
    (8)  Required Reserve Account   -           
    (9)  Noteholders' Principal Distributable Amount   5,232,239.66           
   (10)  Asset Representation Reviewer Amounts (in excess of 1)   -           
   (11)  Distribution to Certificateholders   1,442,487.47           
                
Total Distributions of Available Funds   18,967,874.66           
                
Servicing Fee   301,169.62           
Unpaid Servicing Fee   -           
Change in amount of the unpaid servicing fee from the prior period   -           

 

 

 

 

Note Balances & Note Factors   $ Amount           
Original Class A   996,700,000.00           
Original Class B   31,390,000.00           
Original Class C   15,740,000.00           
                
Total Class A, B, & C               
Note Balance @ 08/15/25   334,601,558.84           
Principal Paid   16,212,178.22           
Note Balance @ 09/15/25   318,389,380.62           
                
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-2a               
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-2b               
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   187,971,558.84           
Principal Paid   16,212,178.22           
Note Balance @ 09/15/25   171,759,380.62           
Note Factor @ 09/15/25   57.7925238%          
                
Class A-4               
Note Balance @ 08/15/25   99,500,000.00           
Principal Paid   0.00           
Note Balance @ 09/15/25   99,500,000.00           
Note Factor @ 09/15/25   100.0000000%          
                
Class B               
Note Balance @ 08/15/25   31,390,000.00           
Principal Paid   0.00           
Note Balance @ 09/15/25   31,390,000.00           
Note Factor @ 09/15/25   100.0000000%          
                
Class C               
Note Balance @ 08/15/25   15,740,000.00           
Principal Paid   0.00           
Note Balance @ 09/15/25   15,740,000.00           
Note Factor @ 09/15/25   100.0000000%          
                
Interest & Principal Payments   $ Amount           
Total Interest Paid   1,313,208.97           
Total Principal Paid   16,212,178.22           
Total Paid   17,525,387.19           
                
Class A-1               
Coupon   5.31600%          
Interest Paid   0.00           
Principal Paid   0.00           
Total Paid to A-1 Holders   0.00           
                
Class A-2a               
Coupon   5.25000%          
Interest Paid   0.00           
Principal Paid   0.00           
Total Paid to A-2a Holders   0.00           
                
Class A-2b               
SOFR Rate   4.34270%          
Coupon   5.05270%          
Interest Paid   0.00           
Principal Paid   0.00           
Total Paid to A-2b Holders   0.00           
                
Class A-3               
Coupon   4.66000%          
Interest Paid   729,956.22           
Principal Paid   16,212,178.22           
Total Paid to A-3 Holders   16,942,134.44           
                
Class A-4               
Coupon   4.68000%          
Interest Paid   388,050.00           
Principal Paid   0.00           
Total Paid to A-4 Holders   388,050.00           
                
Class B               
Coupon   4.89000%          
Interest Paid   127,914.25           
Principal Paid   0.00           
Total Paid to B Holders   127,914.25           

 

 

 

 

Class C               
Coupon   5.13000%          
Interest Paid   67,288.50           
Principal Paid   0.00           
Total Paid to C Holders   67,288.50           
                
Distribution per $1,000 of Notes   Total            
Total Interest Distribution Amount   1.2580679           
Total Interest Carryover Shortfall   0.0000000           
Total Principal Distribution Amount   15.5314354           
Total Distribution Amount   16.7895033           
                
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   2.4561111           
A-3 Interest Carryover Shortfall   0.0000000           
A-3 Principal Distribution Amount   54.5497248           
Total A-3 Distribution Amount   57.0058359           
                
A-4 Interest Distribution Amount   3.9000000           
A-4 Interest Carryover Shortfall   0.0000000           
A-4 Principal Distribution Amount   0.0000000           
Total A-4 Distribution Amount   3.9000000           
                
B Interest Distribution Amount   4.0750000           
B Interest Carryover Shortfall   0.0000000           
B Principal Distribution Amount   0.0000000           
Total B Distribution Amount   4.0750000           
                
C Interest Distribution Amount   4.2750000           
C Interest Carryover Shortfall   0.0000000           
C Principal Distribution Amount   0.0000000           
Total C Distribution Amount   4.2750000           
                
Noteholders' First Priority Principal Distributable Amount   0.00           
Noteholders' Second Priority Principal Distributable Amount   0.00           
Noteholders' Third Priority Principal Distributable Amount   677.26           
Noteholders' Principal Distributable Amount   322.74           

 

Account Balances   $ Amount           
Reserve Account               
Balance as of 08/15/25   2,616,119.83           
Investment Earnings   9,437.77           
Investment Earnings Paid   (9,437.77)          
Deposit/(Withdrawal)   -           
Balance as of 09/15/25   2,616,119.83           
Change   -           
                
Required Reserve Amount   2,616,119.83           

 

Other Servicing Information   Current Month    Prior Month    Two Months Prior 
Principal Balance of Receivables extended during the Collection Period  $2,728,950.67   $2,706,198.22   $1,762,008.26 
Number of Extensions   116    115    77 
Ratio of extensions to Beginning of Period Receivables Balance   0.76%   0.71%   0.44%