Black Knight has acquired a cloud-based loan origination system (LOS) from NexSpring Financial to broaden its ability to serve mortgage brokers, the company announced. The new digital lending platform will be a key part of the company’s ecosystem.

Rocket Mortgage has announced a five-year sponsorship deal with the Michigan State University men’s basketball team, which will result in a longer name for the Big Ten squad. So reports The Detroit News.

PHH Mortgage, a non-bank mortgage service and originator, doesn’t have to face a portion of a proposed class action about its accounting for insurance proceeds in loan payoff statements, a federal judge has ruled. That’s according to court documents, and as Law360.com reports.

A judge has ordered South Florida developer Joseph Walsh Sr. to pay $26 million in connection with a 60-unit Royal Palm Beach office condominium. So reports The Real Deal.