123notary is a small, but high quality organization that has a database of Notaries that is nationwide. We offer refined information that we check regularly for accuracy. We never experienced any serious competition until SnapDocs appeared in 2012. SnapDocs didn’t get too much serious traffic until 2015 when we started to really feel their presence.
But, they are not a mom & pop organization like we are. They are a huge technology company that processes 40,000 loans per month. They automate a lot of the back office processes that go into preparing a loan for the closing process as well as parts of the loan signing process such as finding a Notary.
SnapDocs charges $8 per loan signing according to what I have heard. If they have 40,000 loans per month, their income is $320,000 per month or about 4 million per year. They also have a team of programmers and engineers to keep their operation afloat.
They are located in San Francisco, CA with another venue in San Jose, CA which is the tech capitol of the world as far as I’m concerned.
I’m beginning to be concerned that we will lose a lot of market share due to them, especially if they get smarter about taking market share.
You might also like:
See our STRING about Snapdocs
http://blog.123notary.com/?tag=snapdocs
The Uber principle at Snapdocs — new blood
http://blog.123notary.com/?p=18868
The History of 123notary
http://blog.123notary.com/?p=18868
I get many loans from those involved with Snapdocs….all my information is inputted there so all the vendors can see my credentials, etc. for me it is very convenient …great to send fax backs to the website.
Comment by Ann Dye — April 25, 2017 @ 7:36 pm
123notary.com provides a resource unequaled anywhere, including snapdocs… and i refer people to the site almost every day because people looking for a notary in their area can usually find one on this site simply by zip code.
Comment by William Ponsot — April 25, 2017 @ 7:36 pm
they have cheapened the industry. no need to be professional anymore. anyone that is willing to take $50-$75 for a closing …i don’t see how they can take any pride in what they do. after all expenses are calculated including drive time, paper, ink, time to print and time spent with the customer, you average maybe $10 hour before tax and insurance, fee’s etc. SD are a joke. I have still not been paid by NotarySpot since last August. When I questioned Snapdocs and sent them links to complaints asking them why they are willing to continue marketing their services, they said it was not their problem. That is unethical.
Comment by tin dinora — April 25, 2017 @ 7:45 pm
I was one of those who paid you $350.00 for a higher listing. I had moved to a different county, so I wished to make the proper adjustments with 123 Notary. After speaking with your rep Carmen, I felt insulted a couple of times during the conversation. As a result I longer wished to pay such a large amount of money with that type of treatment. It seemed more appropriate to simply dress up my actions with Snap-Docs with no expense, and pay you 10% of what I paid you before. You could say Carmen made it easy for me to make that decision.
Comment by Robert Loos — April 25, 2017 @ 10:59 pm
Careful of what you get from Snapdocs; I have much success but have also had trouble getting paid. especially by Notary Spot from Seabrook TX. They owe me over $1400. I did not hear from them for months, then got a 1099 and oddly another closing request from them off Snapdocs. Just let me know they are still around. I think I may vacation in TX this year, if you know what I mean.
Comment by RD Bueter — April 25, 2017 @ 11:32 pm
SnapDocs dose make it easy for the Mobile Notary/Certified Signing Agent to open & close files. I use to do a lot of files on SnapDocs but not so much lately. Back in the early days of SnapDocs I was making at least $100 a file. Lately I see jobs paying $45. to $90 in my market. I want at least $100 + a signing. Looks like it’s making the end notary take a huge pay cut to make SnapDocs rich. Just a thought. Got to love technology!!!
Comment by Alan Friedland — April 26, 2017 @ 7:32 pm
I have accepted a few signings from Snapdocs recently with great satisfaction so far. Their automated system works well and though I can’t call with an issue, like getting edocs in a timely manner (which falls on the lender and Title ), when I communicate on their system the Title rep is the one who answers my questions and will even email me directly. They pay me via eft when Title pays them. Also, the latest re-fi started out as a deed for $50. When I read the order I realized it was a re-fi. I asked, was told I was correct and the order changed to $80. I told them I charge $125 for a re-fi and the order changed to $125…I think Title companies are using them to find CSA’s based on my most recent experience. I am still trying to understand the process. At least I don’t have to wait 30 plus days to get paid. First American is also good about paying quickly and signingagent.com emails a Deluxe check on the 7th of the month for the previous month’s work. I hope this helps in some way. No matter who we work through our jobs are driven by the market. ..just hoping it stays strong and active.
Comment by Sharon Gorry — May 6, 2017 @ 2:27 am
I personally really like 123 notary. The contacts I get from here tend to offer more reasonable pay than on Snapdocs. Plus it’s just nice to get contacted via phone call instead of an automated message sent out to dozens of people.
Comment by Mayra Rivas — February 24, 2020 @ 6:07 pm
As long as desperate suckers there, snapdocs will suck ur life out. I do closings nowdays. My base is $150. I tell them to take a hike. I say, I am NOT WALMART of notary services.
That said,I get $150 and above to as high as $400,per closings depends. I get them consistently.
It is not quantity,but quality
Comment by NotaryNotCheap — February 24, 2020 @ 6:41 pm
I would not be too concerned about SnapDocs, the creator(s) are capitalists and sneaks and in this business it is all about integrity. Regardless if they have the tech know-how, they lack the luster of a mom and pop. Also, I belong to some of the top agent groups on social media and SnapDocs is constantly bashed for low ball fees that even a newbie should run away from. Finally, if not for a longstanding good relationship with a title agent, I would not have known that they harbor(ed) a very bad commentary about me that they kept secret in a database that notaries are not allowed to see and that it was affecting the fees I was being offered. And, the last I heard, their cut is $25 per signing, however, this may be outdated information since it has been some time since I made my SnapDocs account active.
Comment by Poppy Romero — February 24, 2020 @ 8:59 pm
I spoke with the owner of a new signing company that had set up on Snapdocs and he said he pays $25 per notary order filled with them. There are some fair priced companies ( title co’s) using the platform however I also notice a trend of companies (signing agencies and some title/escrow co’s) that are creating their own online platforms and also using others, like someone else mentioned, signingagent.com. I see Snapdocs as a place for new signing agents or part time notaries to get experience, hence accepting such low paying assignments with many required scanbacks. I see 123notary as more than just a directory, but as a place that keeps the importance of ongoing education at the front so I can try to be better than the slew of notaries who are working around me. They are a source of valuable knowledge and information that I can tap into, and one of the very few companies that actually cares about the quality of service being offered in this industry and making it easier to distinguish that from notary to notary. I can’t see how how Snapdocs could take 123notary’s place. Technology isn’t personal or caring. Its just a machine.
Comment by Karla — February 25, 2020 @ 4:48 am