EXHIBIT 23





                         Consent of Independent Auditors


The Board of Directors
Matrix Bancorp, Inc.:


We consent to the incorporation by reference in the registration  statement (No.
333-51516) on Form S-8 of Matrix  Bancorp,  Inc. of our report dated February 7,
2002, with respect to the consolidated balance sheet of Matrix Bancorp, Inc. and
subsidiaries as of December 31, 2001, and the related consolidated statements of
income,  shareholders'  equity and comprehensive  income, and cash flows for the
year then ended, which report appears in the December 31, 2001, Annual Report on
Form 10-K of Matrix Bancorp, Inc.

Our  report  refers  to a change  in the  method of  accounting  for  derivative
instruments and hedging activities.


                                                /s/ KPMG LLP

                                                KPMG LLP


Denver, Colorado
March 13, 2002