EXHIBIT 23.1

                        CONSENT OF INDEPENDENT AUDITORS


The Board of Directors
Imperial Credit Industries, Inc.

We consent to incorporation by reference in Amendment No. 2 to the Registration
Statement (No. 333-58728) on Form S-3 of Imperial Credit Industries, Inc. of our
report dated March 30, 2001, relating to the consolidated balance sheets of
Imperial Credit Industries, Inc. and subsidiaries as of December 31, 2000 and
1999, and the related consolidated statements of operations and comprehensive
income (loss), changes in shareholders' equity and cash flows for each of the
years in the three-year period ended December 31, 2000, which report appears in
the December 31, 2000 annual report on Form 10-K/A of Imperial Credit
Industries, Inc. filed on June 11, 2001, and to the reference to our firm under
the heading "Experts" in Amendment No. 2 to the Registration Statement.

/s/ KPMG LLP

Los Angeles, California
October 4, 2001