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Brad Lynch, also known as "your mortgage guy for life," discusses quitclaim deeds in this video. He clarifies that the correct term is "quitclaim deed," though some may mistakenly call it a "quick claim deed." A quitclaim deed transfers the grantor's interest in a piece of real estate, typically used in situations like divorce. For instance, if one spouse is leaving the marital home, they can use a quitclaim deed to transfer their rights to the property. Lynch encourages viewers to check his online presence using the hashtag #YMGFL for more information on refinances, purchases, and divorce lending.