NotaryCam

Investor · SSF, CA · Member since 2015 · 127 posts · 24 votes

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

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Scott Price

Rental Property Investor · Coupeville, WA · Member since 2011 · 135 posts · 52 votes

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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Jay HinrichsBusiness Member
Real Estate Consultant · Summerlin, NV · Member since 2014 · 45k+ posts · 66k+ votes
9y
so you can notarize on line without being in the presense of the notary??? is that what your saying.
I would find this hard to fathom that escrow companies will accept this... as title companies are liable for notary fraud
plus 25 bucks a throw is a ton.. I go to the bank and its free
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Account Closed
Rental Property Investor · Orlando, FL · Member since 2016 · 463 posts · 220 votes
9y
Isn't the whole point of having something notarized that you sign it in front of the notary?! So weird that you can do this online!
And personally, I would never pay $25 for one of the few things that banks still do for free.
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Major Robertson
Investor · Louisville, KY · Member since 2014 · 142 posts · 77 votes
9y
You do a video chat with a notary so technically you are in the presence of a notary.
I completely agree with Jay, $25 a pop is unrealistic. I can see it being helpful in a pinch but would never do this on a regular basis.
It seems that you are using it frequently however. If so can you explain why rather than go to a bank for free?
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Account Closed
Real Estate Agent · Las Vegas, NV · Member since 2015 · 2k+ posts · 1k+ votes
9y
That is a great service and the price is very reasonable.I can see that being very useful.Did you ever look at settlement statements and see the $50 to $100 charges for mobile notaries
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Scott Price
Rental Property Investor · Coupeville, WA · Member since 2011 · 135 posts · 52 votes
9y
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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Roger Rustad
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Investor · SSF, CA · Member since 2015 · 127 posts · 24 votes
9y
Originally posted by @Account Closed:

Isn't the whole point of having something notarized that you sign it in front of the notary?! So weird that you can do this online!
And personally, I would never pay $25 for one of the few things that banks still do for free.
Sometimes it's not about free, it's about convenience. In the case of my buddy (who does lots of real estate stuff), he shells out $100-200 for his notary to come by his house. She's often slammed with other business and there is a lag. For this sort of thing, it works perfectly for him.
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