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Brad Lynch, known as "your mortgage guy for life," discusses quitclaim deeds in this video. He clarifies that the correct term is "quitclaim deed," although some may refer to it as "quick claim deed." A quitclaim deed transfers the grantor's interest in real estate. For example, in a divorce situation, one spouse can use a quitclaim deed to transfer their interest in a property to the other spouse, simplifying the process of ownership transfer. Brad invites viewers to check his online presence under #YMGFL for more information about mortgages, refinances, purchases, and lending related to divorce.