EX-99.1 2 tm269612d25_ex99-1.htm EXHIBIT 99.1

Exhibit 99.1

 

World Omni Auto Receivables Trust 2022-C

Monthly Servicer Certificate

February 28, 2026

 

Dates Covered            
Collections Period   02/01/26 - 02/28/26           
Interest Accrual Period   02/17/26 - 03/15/26           
30/360 Days   30           
Actual/360 Days   27           
Distribution Date   03/16/26           

 

Collateral Pool Balance Data  $ Amount   # of Accounts      
Pool Balance at 01/31/26   173,144,821.14    14,372      
Yield Supplement Overcollateralization Amount 01/31/26   7,430,937.21    0      
Receivables Balance 01/31/26   180,575,758.35    14,372      
Principal Payments   9,525,149.61    277      
Defaulted Receivables   378,666.58    19      
Repurchased Accounts   0.00    0      
Yield Supplement Overcollateralization Amount at 02/28/26   6,799,021.43    0      
Pool Balance at 02/28/26   163,872,920.73    14,076      

 

Pool Statistics  $ Amount   # of Accounts      
Pool Factor   15.19%          
Prepayment ABS Speed   1.00%          
Aggregate Starting Principal Balance   1,123,484,105.00    42,981      
                
Delinquent Receivables:               
Past Due 31-60 days   4,755,139.55    261      
Past Due 61-90 days   1,155,292.94    67      
Past Due 91-120 days   201,322.84    12      
Past Due 121+ days   0.00    0      
 Total   6,111,755.33    340      
                
Total 31+ Delinquent as % Aggregate Ending Principal Balance   3.58%          
Total 61+ Delinquent as % Aggregate Ending Principal Balance   0.79%          
Delinquency Trigger Occurred   NO           
                
Recoveries   333,406.80           
Aggregate Net Losses/(Gains) - February 2026   45,259.78           
Ratio of Net Loss/(Gain) to the Receivables Balance as of beginning of Collection Period (Annualized):               
Current Net Losses/(Gains) Ratio   0.30%          
Prior Net Losses/(Gains) Ratio   -0.38%          
Second Prior Net Losses/(Gains) Ratio   0.03%          
Third Prior Net Losses/(Gains) Ratio   0.76%          
Four Month Average   0.18%          
                
Cumulative Net Loss as a % of Aggregate Starting Principal Balance   0.72%          
                
Overcollateralization Target Amount   5,081,353.05           
Actual Overcollateralization   5,081,353.05           
Weighted Average Contract Rate   4.85%          
Weighted Average Contract Rate, Yield Adjusted   8.80%          
Weighted Average Remaining Term   25.69           

 

Flow of Funds  $ Amount           
Collections   10,545,825.41           
Investment Earnings on Cash Accounts   14,724.54           
Servicing Fee   (150,479.80)          
Transfer to Collection Account   -           
Available Funds   10,410,070.15           
                
Distributions of Available Funds               
    (1)  Asset Representation Reviewer Amounts (up to $150,000 per year)   -           
    (2)  Class A Interest   375,524.58           
    (3)  Noteholders’ First Priority Principal Distributable Amount   -           
    (4)  Class B Interest   103,442.92           
    (5)  Noteholders’ Second Priority Principal Distributable Amount   -           
    (6)  Class C Interest   55,350.58           
    (7)  Noteholders’ Third Priority Principal Distributable Amount   4,190,547.36           
    (8)  Required Reserve Account   -           
    (9)  Noteholders’ Principal Distributable Amount   5,081,353.05           
   (10)  Asset Representation Reviewer Amounts (in excess of 1)   -           
   (11)  Distribution to Certificateholders   603,851.66           
                
Total Distributions of Available Funds   10,410,070.15           
                
Servicing Fee   150,479.80           
Unpaid Servicing Fee   -           
Change in amount of the unpaid servicing fee from the prior period   -           

 

 

 

 

Note Balances & Note Factors  $ Amount           
Original Class A   966,300,000.00           
Original Class B   30,350,000.00           
Original Class C   15,130,000.00           
                
Total Class A, B, & C               
Note Balance @ 02/17/26   168,063,468.09           
Principal Paid   9,271,900.41           
Note Balance @ 03/16/26   158,791,567.68           
                
Class A-1               
Note Balance @ 02/17/26   0.00           
Principal Paid   0.00           
Note Balance @ 03/16/26   0.00           
Note Factor @ 03/16/26   0.0000000%          
                
Class A-2               
Note Balance @ 02/17/26   0.00           
Principal Paid   0.00           
Note Balance @ 03/16/26   0.00           
Note Factor @ 03/16/26   0.0000000%          
                
Class A-3               
Note Balance @ 02/17/26   23,883,468.09           
Principal Paid   9,271,900.41           
Note Balance @ 03/16/26   14,611,567.68           
Note Factor @ 03/16/26   5.7776068%          
                
Class A-4               
Note Balance @ 02/17/26   98,700,000.00           
Principal Paid   0.00           
Note Balance @ 03/16/26   98,700,000.00           
Note Factor @ 03/16/26   100.0000000%          
                
Class B               
Note Balance @ 02/17/26   30,350,000.00           
Principal Paid   0.00           
Note Balance @ 03/16/26   30,350,000.00           
Note Factor @ 03/16/26   100.0000000%          
                
Class C               
Note Balance @ 02/17/26   15,130,000.00           
Principal Paid   0.00           
Note Balance @ 03/16/26   15,130,000.00           
Note Factor @ 03/16/26   100.0000000%          

 

Interest & Principal Payments  $ Amount           
Total Interest Paid   534,318.08           
Total Principal Paid   9,271,900.41           
Total Paid   9,806,218.49           
                
Class A-1               
Coupon   2.96900%          
Interest Paid   0.00           
Principal Paid   0.00           
Total Paid to A-1 Holders   0.00           
                
Class A-2               
Coupon   3.73000%          
Interest Paid   0.00           
Principal Paid   0.00           
Total Paid to A-2 Holders   0.00           
                
Class A-3               
Coupon   3.66000%          
Interest Paid   72,844.58           
Principal Paid   9,271,900.41           
Total Paid to A-3 Holders   9,344,744.99           
                
Class A-4               
Coupon   3.68000%          
Interest Paid   302,680.00           
Principal Paid   0.00           
Total Paid to A-4 Holders   302,680.00           
                
Class B               
Coupon   4.09000%          
Interest Paid   103,442.92           
Principal Paid   0.00           
Total Paid to B Holders   103,442.92           
                
Class C               
Coupon   4.39000%          
Interest Paid   55,350.58           
Principal Paid   0.00           
Total Paid to C Holders   55,350.58           

 

 

 

 

Distribution per $1,000 of Notes  Total            
Total Interest Distribution Amount   0.5280971           
Total Interest Carryover Shortfall   0.0000000           
Total Principal Distribution Amount   9.1639491           
Total Distribution Amount   9.6920462           
                
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   0.2880371           
A-3 Interest Carryover Shortfall   0.0000000           
A-3 Principal Distribution Amount   36.6623187           
Total A-3 Distribution Amount   36.9503558           
                
A-4 Interest Distribution Amount   3.0666667           
A-4 Interest Carryover Shortfall   0.0000000           
A-4 Principal Distribution Amount   0.0000000           
Total A-4 Distribution Amount   3.0666667           
                
B Interest Distribution Amount   3.4083334           
B Interest Carryover Shortfall   0.0000000           
B Principal Distribution Amount   0.0000000           
Total B Distribution Amount   3.4083334           
                
C Interest Distribution Amount   3.6583331           
C Interest Carryover Shortfall   0.0000000           
C Principal Distribution Amount   0.0000000           
Total C Distribution Amount   3.6583331           
                
Noteholders’ First Priority Principal Distributable Amount   0.00           
Noteholders’ Second Priority Principal Distributable Amount   0.00           
Noteholders’ Third Priority Principal Distributable Amount   451.96           
Noteholders’ Principal Distributable Amount   548.04           

 

Account Balances  $ Amount           
Reserve Account               
Balance as of 02/17/26   5,058,901.50           
Investment Earnings   13,583.13           
Investment Earnings Paid   (13,583.13)          
Deposit/(Withdrawal)   -           
Balance as of 03/16/26   5,058,901.50           
Change   -           
                
Required Reserve Amount   5,058,901.50           

 

Other Servicing Information  Current Month   Prior Month   Two Months Prior 
Principal Balance of Receivables extended during the Collection Period  $1,460,093.74   $1,205,951.16   $2,032,990.12 
Number of Extensions   85    68    109 
Ratio of extensions to Beginning of Period Receivables Balance   0.81%   0.63%   1.00%