Exhibit 23.1



                         Independent Auditors' Consent



The Board of Directors
Matrix Bancorp, Inc.:


We consent to the  incorporation  by  reference in the  registration  statements
(Nos. 333-75000,  333-40482, and 333-36671) on Forms S-8 of Matrix Bancorp, Inc.
(the  Company)  of  our  report  dated  March  5,  2004,  with  respect  to  the
consolidated  balance  sheets of Matrix  Bancorp,  Inc. and  subsidiaries  as of
December  31,  2003  and  2002,  and  the  related  consolidated  statements  of
operations, shareholders' equity and comprehensive income (loss), and cash flows
for each of the years in the three-year  period ended  December 31, 2003,  which
report  appears in the  December  31, 2003 Annual  Report on Form 10-K of Matrix
Bancorp, Inc.

Our report refers to a change in the Company's method of accounting for variable
interest  entities in 2003 and a change in its method of accounting for goodwill
and other intangible assets in 2002.




                                               KPMG LLP


Denver, Colorado
March 12, 2004