EXHIBIT 23.1
                        CONSENT OF INDEPENDENT AUDITORS


The Board of Directors
Imperial Credit Industries, Inc.

We consent to incorporation by reference in the Registration Statement 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 the
Registration Statement.


/s/ KPMG
Los Angeles, California
October 12, 2001