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Brad Lynch, known as your mortgage guy for life, discusses quitclaim deeds in a brief tutorial. He clarifies that the correct term is "quitclaim deed," not "quick claim deed," although the latter is commonly understood. A quitclaim deed allows someone to transfer their interest in a piece of real estate, which is often used in divorce situations. For example, one partner can use a quitclaim deed to transfer their ownership of a house to the other partner during the divorce process. Brad invites viewers to look up the hashtag #YMGFL to check his online presence related to refinancing, purchases, and divorce lending.