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Brad Lynch, also known as "your mortgage guy for life," discusses the quitclaim deed in his tutorial. He clarifies that the term is often mistakenly called "quick claim deed." A quitclaim deed is a legal document that transfers the grantor's interests in real estate. This is commonly used in situations like divorce, where one spouse may relinquish their claim to the property through this deed. Brad encourages viewers to look him up online using the hashtag #YMGFL for more information on mortgage services, including refinances and purchases.