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April 19, 2019

Are Notaries becoming unsnapped?

Filed under: Signing Company Gossip — Tags: — admin @ 10:48 am

As time goes on, more and more Notaries are leaving Snapdocs. The fees are too low, the cattle calls too annoying. How does Snapdocs keep on keeping on while so many are becoming unsnapped and leaving them? Perhaps it is desperate beginners who keep listing because it is their only way to pay bills. I hear that.

Today I talked to Carmen about the long term of SnapDocs. Carmen thinks they will not last because too many people are complaining about them.

Personally, I know how expensive it is to have programmers on staff. An operation like Snapdocs with all the technological bells and whistles is going to cost a lot to maintain. I don’t know how much, but it is not as simple as 123notary and might be close to a million a year in technical costs. I’m not sure how much they make, but their costs are no joke.

One of the major problems SnapDocs has with their business model is that those who use them do so to get cheap Notaries. After you include SnapDocs fees, it is not so cheap. Notaries are not usually willing to work for that cheap, and with the fees, companies are not willing to pay that much more. The margins are too tight for everyone. Doing business with people on such thin margins does not seem like a good long term strategy.

Perhaps companies will become more concerned with the quality of the Notary in which case they will not be able to work with too many on SnapDocs. I don’t know the future of SnapDocs. They make thousands per month from each serious customer they have. I just wonder how much longer customers and Notaries will want to put up with this miserly way of doing business.

You might also like:

The evolution of American commerce and Snapdocs
http://blog.123notary.com/?p=22275

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http://blog.123notary.com/?p=21258

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5 Comments »

  1. As long as they have Old Republic begins them, they’re not going anywhere.

    Comment by Matt — April 25, 2019 @ 9:30 pm

  2. I don’t work cheap I make great money. I’ve done over 2k closings with them and 90% are in the 3 digit. I don’t have to pay to be in the network or pay to be ranked.

    Comment by K C — June 10, 2019 @ 5:11 pm

  3. Isn’t snapdocs a product of coast 2 coast signng?

    Comment by kathy — June 10, 2019 @ 6:27 pm

  4. I don’t like snapdocs either because they are looking for cheap notaries. And I am not cheap. Whenever I get notifications I always put my fee. If they like my fee then only I do the work. And. also i do not do faxbacks. That is for newbies.

    Comment by Dev Patel — June 14, 2019 @ 3:58 am

  5. Snapdocs have been terrible to me. The LO’s are extremely rude and treat notaries with much disrespect. I am not a cheap notary and have been doing this for many years. My advice. Leave Snapdocs now!

    Comment by Nic — September 4, 2019 @ 1:08 am

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