I've had 4 years experience with Point and 2 years of experience with Encompass. The first few months I hated Encompass, but once I learned how to navigate it I never looked back. Encompass is a much more streamline system, meaning you can do everything in your LOS!!
Marketing, rate locks, milestones, training, it is very effective!! The con I have though is it is a little too techy, and if it weren't for our Ops Manager knowing all the "rules" like the back of her hand, I probably would not have seen the same benefits of the program.
Point gets the job done, and is very simple which I do like. Just not the same bells and whistles like Jan said. And Point is far more annoying when dealing with multiple borrowers or extensives REO schedules.
Kind of like Windows 98 (Point) vs. Windows XP (Encompass), evolution simply gives you more...