EXHIBIT 23.1(B)
 
                        CONSENT OF INDEPENDENT AUDITORS
 
The Board of Directors
Southern Pacific Funding Corporation:
 
  We consent to the use of our report on the consolidated financial statements
of Southern Pacific Funding Corporation and Subsidiaries included herein and
to the reference to our firm under the heading "Experts" in the Registration
Statement on Form S-4 (No. 333-30809) of Imperial Credit Capital Trust I,
Imperial Credit Industries, Inc., Imperial Business Credit, Inc., Imperial
Credit Advisors, Inc., Automarketing Network, Inc., Imperial Credit Commercial
Asset Management Corp. and Imperial Credit Worldwide, Ltd.
 
                                          KPMG Peat Marwick LLP
 
Portland, Oregon
   
May 14, 1998