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Snapdocs will get squeezed out
Posted by  VT_Syrup of VT on 4/4/19 12:56pm Msg #605087
In my opinion Snapdocs will get squeeze out. I'm not an insider, but it appears Snapdocs and similar companies, as well as the signing services they help, will get squeezed out by esigning/enotarization companies like Pavaso and Notarize. They will vertically integrate the process of finding notaries, providing a "secure" platform for the principals and notaries to log into, software to present the documents to the principals and notaries and collect the signatures, and integration with the software of the lenders and title companies. That's a lot more than what Snapdocs and that ilk provide.

Some of these new companies will choose to use full time employee notaries. These employees might work in a brick and mortar office, or might work from home. Only notaries from RON-friendly states need apply.

All that will be left for enotarizations are cases where a private individual needs to send a notarized document electronically; typically these will have nothing to do with real estate. Snapdocs and signing services generally aren't interested in one-off requests from private individuals. In the past, these folks would have gone to their bank, library, etc, or located a nearby mobile notary here on Notary Rotary or a similar site. They would have gotten the paper document notarized, scanned it, and sent it wherever it needed to go. The recipients, not being too bright, would have accepted the scan in lieu of the original document. Now these situations will tend to get an enotarization, which is arguably better than a scan of what purports to be an original notarized document.

I don't see any place in the new world for Snapdocs.
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Messages in this Thread
 I received an email last night about e-notary. For those -  MW/VA on 4/3/19 9:33am
 Re: I received an email last night about e-notary. For those - Luckydog on 4/3/19 11:03am
 This is exactly why I haven't jumped on board for e-notary. -  MW/VA on 4/3/19 2:34pm
 e-notary - Signerbill on 4/3/19 1:17pm
 Re: I received an email last night about e-notary. For those -  VT_Syrup on 4/3/19 1:31pm
 InstaNotary is a pay to play directory...very expensive one! n/m - Lee/AR on 4/3/19 1:42pm
 I didn't research it, but I'm sure it's all about them -  MW/VA on 4/3/19 2:30pm
 I didn't post the email address of the sender for obvious -  MW/VA on 4/3/19 2:31pm
 As we know, the name of the game today is creating "apps". n/m -  MW/VA on 4/3/19 2:33pm
 Thanks for the heads-up re: new angle to beware of. -  JanetK_CA on 4/3/19 3:14pm
 It's only a matter of time before SnapDocs etc ... - BearPaw/CO on 4/4/19 11:02am
 Snapdocs will get squeezed out -  VT_Syrup on 4/4/19 12:56pm
 Re: Snapdocs will get squeezed out - Luckydog on 4/5/19 8:31pm
 Thanks. This is great documentation for this issue! -  JanetK_CA on 4/4/19 2:40pm
 Thanks for posting this! -  Cheryl Elliott on 4/4/19 3:30pm
 <<Connected to the underworld>> - BearPaw/CO on 4/5/19 11:20am
 Re: <<Connected to the underworld>> -  canotaryhere on 4/5/19 2:57pm
 Re: I received an email last night about e-notary. For those -  canotaryhere on 4/5/19 2:50pm



 
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