EXHIBIT 23.3     
 
                        CONSENT OF INDEPENDENT AUDITORS
   
The Board of Managers     
   
Franchise Mortgage Acceptance Company LLC:     
   
  We consent to the inclusion of our report dated January 29, 1997, with
respect to the balance sheets of Franchise Mortgage Company LLC as of December
31, 1996 and 1995, and the related statements of operations, changes in
members' equity, and cash flows for the year ended December 31, 1996 and for
the period from June 30, 1995 (inception) through December 31, 1995, which
report appears in the Form S-4 of Imperial Credit Industries, Inc. dated March
31, 1997.     
 
                                       KPMG Peat Marwick LLP
Los Angeles, California
   
March 31, 1997