Walters began her television career playing Lorna Forbes Perelli on the soap opera
Loving from the pilot in June 1983 to late 1986. Her first role after
Loving was in the 1987 film
Russkies.
Aaron Spelling hired Walters for several of his productions: in
Hotel during its last season (as Ryan Thomas) 1987–1988; in the 1988 television miniseries
Elvis and Me as
Priscilla Presley; in
Nightingales (as Bridget Loring) 1988–1989; and in
Melrose Place (as Tiffany Hart). Other credits include a starring role in 1990 in
Dear John, the short-lived
prime time series
Point Pleasant, and a guest role on
CSI: Miami. In 1993, she played Lee Gilrich in an episode of
Murder, She Wrote. She garnered attention for her appearances as "
Mulva" (real name Dolores) on
Seinfeld, which she played in 1993 and again in 1996. Walters starred as Anne Osborne in the TV series of
The Big Easy on the
USA Network in 1996. In 1999, she appeared in the
Disney Channel movie
Horse Sense, as well as its 2001 sequel,
Jumping Ship. In 2000, she also portrayed the lead character opposite her husband Linden Ashby on the TV-series
The War Next Door. From 2001 through 2004, she returned to daytime soap opera when she took on the role of
Diane Jenkins on
The Young and the Restless. In 2010, Walters reprised the role for two episodes. In 2009, Walters starred in the episode "Pilot" of the first season of
Drop Dead Diva alongside her husband, Linden Ashby, as a couple getting divorced. After portraying Principal Rimkus on
One Tree Hill in 2009, Walters recurred in the role of Carol Lockwood on
The Vampire Diaries from 2009 through 2012. In 2014, Walters made guest star or recurring appearances on three different series: She played Maia in the CW series
Star-Crossed, Lindsay in the CBS series
Reckless and Natalie Martin on the
MTV series
Teen Wolf. In 2015, Walters starred in season 2 episode 7 of
How to Get Away with Murder. In 2022, Walters returned to her role as Diane Jenkins at the conclusion of the March 23, 2022, episode of
The Young and the Restless. ==Filmography==