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Updated over 8 years ago on . Most recent reply

User Stats

127
Posts
24
Votes
Roger Rustad
  • san jose, ca
24
Votes |
127
Posts

NotaryCam

Roger Rustad
  • san jose, ca
Posted

Just started using NotaryCam (was the quickest way to notarize USPS form 1583 for Earth Class Mail).

It only costs $25/signature, and $79 if you are international.

Whole process took me about 15 minutes (top).  I read through everything for 5-10 minutes, and then when I uploaded my docs, it took the notary about 5-10 minutes to read it all over and verify all my IDs.

Rog

Most Popular Reply

User Stats

134
Posts
52
Votes
Scott Price
  • Rental Property Investor
  • Coupeville, WA
52
Votes |
134
Posts
Scott Price
  • Rental Property Investor
  • Coupeville, WA
Replied

I agree with @Account Closed that the price is  reasonable, especially if you have the need for a mobile notary.  I will use local bank notaries if it works out for my schedule.  But if it works better to have a mobile notary come to me, then the fees charged have usually been $150-175.  Even if I don't completely need a mobile notary, it seems reasonable to pay $25 to eliminate wasting my time with a round trip and waiting for someone in a bank lobby.

However, multiple (not all) lenders & escrow companies will require that documents are notarized either at the title/escrow company or by an "approved" notary from their list of notary companies.  These lenders & escrow companies actually will not accept a notary outside of that list, even if the other notary is a fully licensed notary.  I expect that this online service would likely fall outside of those lenders' approved lists, at least for now.

Also, this approach would produce a different physical end product than the traditional signature, stamp, and ID checking process.  That's likely a bit too outside the box for most title/escrow companies that want physical paper in a standard format/approach that they can get recorded with the local county office.

But, just like many things that started out as "different" and not generally accepted, yet later became normal and accepted, this may become more of a standard option over time.  Electronic signatures (like Docusign) have had a gradual but expanding acceptance period, for example.

Scott

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