Concerning your first question, I think a good place to learn about it is Markus Banagl's book "Topological invariants of stratified spaces" (chapter 6) or have a look at Paul Siegel's paper "$KO$-homology at odd primes" Amer. J. Math. 105 (1983), 1067-1105 (in particular the appendix where Sullivan's approach is explained).

In Siegel's paper you have a bordism theory $\Omega^{Witt}_*(-)$ build from cobordisms of singular spaces called Witt spaces. 
A Witt space $X$ carries rational homology L-classes $l_i\in H_{dim(X)-4i}(X,\mathbb{Q})$. This homology $L$-classes were defined by Goresky and McPherson in this singular context extending the homology $L$-classes of a manifold $M$ which are poincaré dual to Hirzebruch $L$-classes $L_i\in H^{4i}(M,\mathbb{Q})$:
$$l_i(M)=L_i(M)\cap [M]$$ 

 - In Witt bordism any Witt space has a fundamental class $[X]\in \Omega^{Witt}_{dim(X)}(X)$ represented by $id:X\rightarrow X$. 

 - Moreover we have a natural transformation 
$$\Phi:\Omega^{Witt}_k(X)\rightarrow \oplus_{i} H_{k-4i}(X,\mathbb{Q})$$such that for a Witt space we have $\Phi([X])=l_0+l_1+\ldots$, for a manifold we get that $\Phi([M])=L(M)\cap [M]$.

 - And this bordism theory when tensored by $\mathbb{Z}[1/2]$ is naturally isomorphic to $ko_*(-)\otimes \mathbb{Z}[1/2]$. Siegel used Sullivan's construction of $ko_*(-)\otimes \mathbb{Z}[1/2]$ to get a natural transformation
$$\mu: \Omega^{Witt}_*(-)\rightarrow ko_*(-)\otimes \mathbb{Z}[1/2].$$
such that $\mu([M])=\Delta_M.$

Concerning your second question you can have a look at theorem 11.1 "Multiplicativity of the L-theory fundamental class" of this paper:
"The  L-homology fundamental class for IP-spaces and the stratified  Novikov conjecture"
by Markus Banagl, Gerd Laures and Jim McClure (available on Banagl's homepage).