Hi, I have compiled and ran OSRM successfully, but the nearest API fails to snap on a large number of roads.
I have tried both the master and develop branch with the same result.
I have also tried multiple osm data sets, with the same behaviour.
I am now running an instance on http://hq.beestar.eu:5000 using the latest berlin extract from download.geofabrik.de, and for example, if you do:

http://hq.beestar.eu:5000/nearest?loc=52.487,13.42746
or
http://hq.beestar.eu:5000/nearest?loc=52.49298,13.45577

it returns 207 even though the coordinates land on two major roads (Sonnenallee and Am Treptower PK)

Other roads, for example: http://hq.beestar.eu:5000/nearest?loc=52.48716,13.43232 work fine.

I am running Ubuntu 14.04, and the only modification I had to do to your building instructions on the wiki was to install libprotobuf8 instead of libprotobuf7 because that package is not available anymore.

Note: I have tried the roads that return 207 on http://map.project-osrm.org and they snap just fine.