Full waveform inversion for reection events is limited by its linearized update re-quirements given by a process equivalent to migration. Unless the background velocity model is reasonably accurate, the resulting gradient can have an inaccurate update direction leading the inversion to converge what we refer to as local minima of the objective function. In our approach, we consider mild lateral variation in the model, and thus, use a gradient given by the oriented time-domain imaging method. Specifically, we apply the oriented time-domain imaging on the data residual to obtain the geometrical features of the velocity perturbation. After updating the model in the time domain, we convert the perturbation from the time domain to depth using the average velocity. Considering density is constant, we can expand the conventional 1D impedance inversion method to 2D or 3D velocity inversion within the process of full waveform inversion. This method is not only capable of inverting for velocity, but it is also capable of retrieving anisotropic parameters relying on linearized representations of the reection response. To eliminate the cross-talk artifacts between different parameters, we utilize what we consider being an optimal parametrization for this step. To do so, we extend the prestack time-domain migration image in incident angle dimension to incorporate angular dependence needed by the multiparameter inversion. For simple models, this approach provides an efficient and stable way to do full waveform inversion or modified seismic inversion and makes the anisotropic inversion more practicable. The proposed method still needs kinematically accurate initial models since it only recovers the high-wavenumber part as conventional full waveform inversion method does. Results on synthetic data of isotropic and anisotropic cases illustrate the benefits and limitations of this method.