Exhibit 99.1

 

World Omni Auto Receivables Trust 2023-B            
Monthly Servicer Certificate            
May 31, 2026            
             
Dates Covered            
Collections Period   05/01/26 - 05/31/26           
Interest Accrual Period   05/15/26 - 06/14/26           
30/360 Days   30           
Actual/360 Days   31           
Distribution Date   06/15/26           
                
Collateral Pool Balance Data   $ Amount    # of Accounts      
Pool Balance at 04/30/26   212,193,574.28    15,659      
Yield Supplement Overcollateralization Amount 04/30/26   10,461,807.70    0      
Receivables Balance 04/30/26   222,655,381.98    15,659      
Principal Payments   11,931,479.46    292      
Defaulted Receivables   180,170.11    11      
Repurchased Accounts   0.00    0      
Yield Supplement Overcollateralization Amount at 05/31/26   9,589,286.38    0      
Pool Balance at 05/31/26   200,954,446.03    15,356      
                
Pool Statistics   $ Amount    # of Accounts      
Pool Factor   18.11%          
Prepayment ABS Speed   1.14%          
Aggregate Starting Principal Balance   1,162,826,061.02    44,579      
                
Delinquent Receivables:               
Past Due 31-60 days   5,003,152.30    253      
Past Due 61-90 days   1,719,255.58    81      
Past Due 91-120 days   298,662.77    17      
Past Due 121+ days   0.00    0      
 Total   7,021,070.65    351      
                
Total 31+ Delinquent as % Aggregate Ending Principal Balance   3.33%          
Total 61+ Delinquent as % Aggregate Ending Principal Balance   0.96%          
Delinquency Trigger Occurred   NO           
                
Recoveries   221,378.54           
Aggregate Net Losses/(Gains) - May 2026   (41,208.43)          
Ratio of Net Loss/(Gain) to the Receivables Balance as of beginning of Collection Period (Annualized):               
Current Net Losses/(Gains) Ratio   -0.22%          
Prior Net Losses/(Gains) Ratio   0.76%          
Second Prior Net Losses/(Gains) Ratio   0.21%          
Third Prior Net Losses/(Gains) Ratio   0.76%          
Four Month Average   0.38%          
                
Cumulative Net Loss as a % of Aggregate Starting Principal Balance   0.69%          
                
Overcollateralization Target Amount   5,232,239.66           
Actual Overcollateralization   5,232,239.66           
Weighted Average Contract Rate   5.98%          
Weighted Average Contract Rate, Yield Adjusted   10.14%          
Weighted Average Remaining Term   28.90           
                
Flow of Funds   $ Amount           
Collections   13,222,471.37           
Investment Earnings on Cash Accounts   9,134.89           
Servicing Fee   (185,546.15)          
Transfer to Collection Account   -           
Available Funds   13,046,060.11           
                
Distributions of Available Funds               
    (1)  Asset Representation Reviewer Amounts (up to $150,000 per year)   -           
    (2)  Class A Interest   622,336.68           
    (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   6,006,888.59           
    (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   989,392.43           
                
Total Distributions of Available Funds   13,046,060.11           
                
Servicing Fee   185,546.15           
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 @ 05/15/26   206,961,334.62           
Principal Paid   11,239,128.25           
Note Balance @ 06/15/26   195,722,206.37           
                
Class A-1               
Note Balance @ 05/15/26   0.00           
Principal Paid   0.00           
Note Balance @ 06/15/26   0.00           
Note Factor @ 06/15/26   0.0000000%          
                
Class A-2a               
Note Balance @ 05/15/26   0.00           
Principal Paid   0.00           
Note Balance @ 06/15/26   0.00           
Note Factor @ 06/15/26   0.0000000%          
                
Class A-2b               
Note Balance @ 05/15/26   0.00           
Principal Paid   0.00           
Note Balance @ 06/15/26   0.00           
Note Factor @ 06/15/26   0.0000000%          
                
Class A-3               
Note Balance @ 05/15/26   60,331,334.62           
Principal Paid   11,239,128.25           
Note Balance @ 06/15/26   49,092,206.37           
Note Factor @ 06/15/26   16.5182390%          
                
Class A-4               
Note Balance @ 05/15/26   99,500,000.00           
Principal Paid   0.00           
Note Balance @ 06/15/26   99,500,000.00           
Note Factor @ 06/15/26   100.0000000%          
                
Class B               
Note Balance @ 05/15/26   31,390,000.00           
Principal Paid   0.00           
Note Balance @ 06/15/26   31,390,000.00           
Note Factor @ 06/15/26   100.0000000%          
                
Class C               
Note Balance @ 05/15/26   15,740,000.00           
Principal Paid   0.00           
Note Balance @ 06/15/26   15,740,000.00           
Note Factor @ 06/15/26   100.0000000%          
                
Interest & Principal Payments   $ Amount           
Total Interest Paid   817,539.43           
Total Principal Paid   11,239,128.25           
Total Paid   12,056,667.68           
                
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   3.64285%          
Coupon   4.35285%          
Interest Paid   0.00           
Principal Paid   0.00           
Total Paid to A-2b Holders   0.00           
                
Class A-3               
Coupon   4.66000%          
Interest Paid   234,286.68           
Principal Paid   11,239,128.25           
Total Paid to A-3 Holders   11,473,414.93           
                
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   0.7832113           
Total Interest Carryover Shortfall   0.0000000           
Total Principal Distribution Amount   10.7672018           
Total Distribution Amount   11.5504131           
                
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   0.7883132           
A-3 Interest Carryover Shortfall   0.0000000           
A-3 Principal Distribution Amount   37.8167169           
Total A-3 Distribution Amount   38.6050301           
                
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   534.46           
Noteholders' Principal Distributable Amount   465.54           
                
Account Balances   $ Amount           
Reserve Account               
Balance as of 05/15/26   2,616,119.83           
Investment Earnings   7,777.17           
Investment Earnings Paid   (7,777.17)          
Deposit/(Withdrawal)   -           
Balance as of 06/15/26   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  $1,207,951.75   $1,491,723.11   $1,516,016.35 
Number of Extensions   69    76    73 
Ratio of extensions to Beginning of Period Receivables Balance   0.54%   0.63%   0.60%