EXHIBIT 23.1B
 
                        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 Acceptance 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.
 
                                          KPMG Peat Marwick LLP
 
Los Angeles, California
   
November 4, 1997